interest rates
The government will run into trouble with its loans once the Fed raises interest rates and might even lose its new 7-bedroom townhouse in Phoenix. [New York Times] Pedophiles keep molesting children, despite ankle monitor tracking devices things that strongly suggest they consider doing otherwise. [Washington Post] Short-term radiation leak at Three Mile Island this [...]
The Federal Reserve this afternoon is expected to cut the fed funds rate from 1% to .5%, a modern record. The government is printing more money than you can shake a stick at, all night, every night, to give to financial companies. This should be an incredibly sexy time to make LOANS. Overnight loans, car [...]
So here are three major factors that contributed to our country’s world’s current financial misfortunes: prolonged periods of historically low interest rates (even negative real interest rates), the complete deregulation of such derivatives as credit default swaps, and encouragement from Washington that the inflated housing boom was nothing to worry about. It’s rare that you [...]
