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06:31 AM
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LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
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[quote:Anonymous Coward 77983873:MV80MTM3NDQ3Xzc1MTQzNTA4X0ZCMDc2RDE4] [quote:BRIEF:MV80MTM3NDQ3Xzc1MTQzMzQ4XzlCRTZENEFF] [quote:Éireann:MV80MTM3NDQ3Xzc1MTQzMjI5X0JCNzkyOTg5] [quote:BRIEF:MV80MTM3NDQ3Xzc1MTQzMTU1X0ZGQzg0RDND] [quote:NDFarm:MV80MTM3NDQ3Xzc1MTQzMTI3XzVFODdCQUQ3] How exactly would negative interest rates work in this country? [/quote] It would cost you money to have savings...banks would charge interest instead of paying you... [/quote] So... If the Fed cuts interest rates to zero or negative interest rates, regular banks would follow suit? Or is this only for the Fed which finances our National debt? [/quote] The key interest rate the Feds like to play with is the overnight lending rate from one bank to another. At a zero rate they can't make money so they charge you and I just to have cash there to pay bills with, but it gives borrowers very cheap loans. Loans are how businesses grow and new ones start up...credit card interest is often tied to the prime rate, so credit card debt becomes cheaper too...nearly free loans can cause explosive growth... [/quote] Thank you for this very easy to understand explanation. I am not sure about all this stuff - I want to see the big picture and that means educating myself about things. While I don't know the answers on everything I do think something more manageable has to be established for Student Loans because that amount of debt that just seems to grow like mold with its interest rates is certainly part of the reason the auto and home buy markets are slow for large segment of our working population - the whole concept of Student Loans and College being mandatory (and i know smart people consider options, but many many herd members were sold that bill of sale the college is required for life success) needs to be addressed as a first step into this - I personally always have the hairy eyeball on really big programs and changes because I just don't trust - (for example universal health care stuffs) - Lots and lots of options that are long term have to be considered we can't just go with what sounds good right now. [/quote]
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WOW!!!
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Donald J. Trump
@realDonaldTrump
The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet.....
5:42 AM · Sep 11, 2019·Twitter for iPhone
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