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It also means that interest on savings will go up
The tax cuts are going to change all that. Doncha know?
Many Americans now live paycheck to paycheck, so I don't have any sympathy for that.
My checking accounts have always been for convenience, not income. Money market used to do pretty well, before '08.
Making money on checking accounts is sadly a relic of the past in our oligchary.
originally posted by: CB328
It also means that interest on savings will go up
Many Americans now live paycheck to paycheck, so I don't have any sympathy for that. Making money on checking accounts is sadly a relic of the past in our oligchary.
originally posted by: CB328
So, he is predicting 4 increased in interest rates over the next year. This is one of the things I warned about before the election. If interest goes up to much people will have to pay noticeably more for car and home loans, which is bad for us and may decrease economic spending, but great news for the banks who will be getting a big raise along with their unnecessary tax cut. I guess the bright side is when the economy crashes again the fed will be able to spur spending by dropping rates, maybe.
www.bbc.com...
originally posted by: CB328
So, he is predicting 4 increased in interest rates over the next year. This is one of the things I warned about before the election. If interest goes up to much people will have to pay noticeably more for car and home loans, which is bad for us and may decrease economic spending, but great news for the banks who will be getting a big raise along with their unnecessary tax cut. I guess the bright side is when the economy crashes again the fed will be able to spur spending by dropping rates, maybe.
www.bbc.com...
originally posted by: CB328
So, he is predicting 4 increased in interest rates over the next year. This is one of the things I warned about before the election. If interest goes up to much people will have to pay noticeably more for car and home loans, which is bad for us and may decrease economic spending, but great news for the banks who will be getting a big raise along with their unnecessary tax cut. I guess the bright side is when the economy crashes again the fed will be able to spur spending by dropping rates, maybe.
www.bbc.com...
originally posted by: CB328
It also means that interest on savings will go up
Many Americans now live paycheck to paycheck, so I don't have any sympathy for that. Making money on checking accounts is sadly a relic of the past in our oligchary.
My hope if that the cost of good goes down as goods will be cheaper to purchase overseas.
originally posted by: Phage
a reply to: toysforadults
My hope if that the cost of good goes down as goods will be cheaper to purchase overseas.
The state of the Dollar hasn't been helping toward that end. Not sure how interest rates relate to that.
originally posted by: toysforadults
a reply to: ScepticScot
Well, increasing the value of the dollar should make foreign goods cheaper driving down the cost of goods.
You would think.
Also that means the DOW will continue to go up and Bitcoin should stop going up as quickly as moving back into other investments should become more lucrative once again. You would think this would hit the gold and silver markets as well but they have been resilient this year.
originally posted by: Phage
a reply to: CB328
Actually, it doesn't really take an insider to know this.
Guess what? It also means that interest on savings will go up.
If interest goes up to much people will have to pay noticeably more for car and home loans,
originally posted by: Phage
a reply to: CB328
Actually, it doesn't really take an insider to know this.
Guess what? It also means that interest on savings will go up.
If interest goes up to much people will have to pay noticeably more for car and home loans,