I think Trump sealed the deal on that. Even if they wanted to lower rates, with Trump’s antics, it would have looked like they were pushed into lowering rates.
BlotMutt on
Slow and sticky, like a type of molasses
woodenmetalman on
Seems like trumps next chair appointment won’t be the end of sanity after all?
seriousbangs on
Fuck the Fed, we’re getting killed out here. I don’t care how wallstreet is doing, the economy is deep, deep in recession.
Also fuck Trump. Without the tarriffs we’d have rate cuts.
Remember, high interest rates are designed to trigger layoffs.
That’s because companies don’t keep much cash on hand unless they’re *huge* and big companies earmark that cash for stock buy backs.
So if they can’t borrow cheap they start firing.
That’s how “raising interest rates” curbs inflation. We all get shit canned, take lower pay to survive, and spend less.
It’s balancing the books on our backs and there’s a reason nobody explains it to you like that.
4 Comments
I think Trump sealed the deal on that. Even if they wanted to lower rates, with Trump’s antics, it would have looked like they were pushed into lowering rates.
Slow and sticky, like a type of molasses
Seems like trumps next chair appointment won’t be the end of sanity after all?
Fuck the Fed, we’re getting killed out here. I don’t care how wallstreet is doing, the economy is deep, deep in recession.
Also fuck Trump. Without the tarriffs we’d have rate cuts.
Remember, high interest rates are designed to trigger layoffs.
That’s because companies don’t keep much cash on hand unless they’re *huge* and big companies earmark that cash for stock buy backs.
So if they can’t borrow cheap they start firing.
That’s how “raising interest rates” curbs inflation. We all get shit canned, take lower pay to survive, and spend less.
It’s balancing the books on our backs and there’s a reason nobody explains it to you like that.