The Fed Gave Wall Street The Lowest Rates In 5000 Years & All Main Street Got Was This
It's simple - in theory - a central planning body, who knows what is best for the rest of society, lowers interest rates (to reduce the cost of capital, encourage entrepreneurial actvities, and stimuluate the economy - and therefore jobs - for the average joes and josephines of the world).
So the 'smartest people in the room' cut interest rates, lowering the cost of capital to the lowest in 5000 years...
But a funny thing happens when the world is saturated in debt, leveraged to the max, and liquidified by lenders of last resort...the textbook breaks!
Exactly. Too ignorant to care or to learn enough to care. Only worried about who is a democratic or a muslim and who won the football game. Pathetic!!!
huh?
ReplyDeleteExactly. Too ignorant to care or to learn enough to care. Only worried about who is a democratic or a muslim and who won the football game. Pathetic!!!
ReplyDeleteWhat was the interest rate 5000 years ago.and in what book should I look to find this information?
ReplyDelete