pknopp
Diamond Member
- Jul 22, 2019
- 71,991
- 27,944
They barely raised them.
Give me some of that: Trump renews call for negative U.S. interest rates
It harms retiree's who were living off their savings.
The overnight cost of funds rose from 0,65% January 2017 up to 2.49% in February 2019. That is a 383% increase. That's barely being raised?
You got me on the call for negative interest rates although, again, President Trump is right. We are in competition with other countries which do have negative interest rates today. In addition, any businessman goes into negotiations asking for more than he'll settle for in the end.
Decades ago I attended a lecture by a renowned authority on raising Bonsai Trees. Someone questioned him about the severity of his pruning. He responded by saying that in the beginning, students did not listen. He went on, to say that when he wanted a branch pruned at the elbow, and he told the student to prune the plant at the elbow, they would prune at the wrist. So he taught to prune the branch at the shoulder which would result in the branch being pruned where he wanted, at the elbow.
The banks and wall street get free money and retiree's get the shaft..........our new capitalistic model.