Latest Breaking News

Yupster

(14,308 posts)

23. People who have been hurt the most have been older people

Wed Dec 16, 2015, 08:42 PM

Dec 2015

who live on their cd interest.

If rates go up a little, that extra money will show up in restaurants and shoe stores, etc.

Rates have been too low for too long. When the economy goes back down, we'll want to cut rates again. Can't do that if they're already at zero.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

47 replies

= new reply since forum marked as read

Highlight:

Sanders blasts Fed over interest rate hike [View all] Omaha Steve Dec 2015 OP

We need to be cutting interest rates more, even into negative territory bluestateguy Dec 2015 #1

Yeah...that makes perfect sense!!! VanillaRhapsody Dec 2015 #2

Yes, thank you. bluestateguy Dec 2015 #3

I mean... VanillaRhapsody Dec 2015 #5

Not everybody blindly disagrees with Bernie Omaha Steve Dec 2015 #15

I would venture to say that the vast majority of Americans have no clue on fiscal policy snooper2 Dec 2015 #47

Oh brother. yeoman6987 Dec 2015 #6

People who have been hurt the most have been older people Yupster Dec 2015 #23

i agree. nt DesertFlower Dec 2015 #26

The problem though is the $ 19 trillion debt Yupster Dec 2015 #29

Markets are up (+220)... brooklynite Dec 2015 #4

Only 11% of working Americans have union jobs. DirtyHippyBastard Dec 2015 #16

They are up because yellen issued a very dovish statement that still_one Dec 2015 #31

Really? Tote Life Dec 2015 #44

Sorry Bernie....not with you on this one DrToast Dec 2015 #7

I think it could've waited another quarter. joshcryer Dec 2015 #10

Janet Yellen is a Democrat... Agnosticsherbet Dec 2015 #27

Yes, I know. joshcryer Dec 2015 #37

So? jeff47 Dec 2015 #14

Have you seen property values in California and most urban areas? still_one Dec 2015 #32

Yes. Do you understand that inflation is not measured via property values in California? jeff47 Dec 2015 #46

For those confused, low interest rates are Keynesian. joshcryer Dec 2015 #8

For those uninformed, interest rates are not a zero-sum game. OilemFirchen Dec 2015 #17

No, I don't agree with that poster. joshcryer Dec 2015 #19

I would like your link to where Keynes said giving preferential interest rates to thieving bank$ters jtuck004 Dec 2015 #21

Yes, because that's exactly what I said. joshcryer Dec 2015 #22

I don't question his book, or what I have read. I question what you wrote, and wondered jtuck004 Dec 2015 #24

So you're saying Sanders wants to "help mostly the very wealthy"? joshcryer Dec 2015 #35

Thank you. Anyway, that's a mis-interpretation. He didn't say making thieving bank$ters rich by jtuck004 Dec 2015 #39

I absolutely agree. joshcryer Dec 2015 #41

During recession, not indefinitely, and he never advocated 0% still_one Dec 2015 #33

Right, so are you of the opinion we've recovered enough? joshcryer Dec 2015 #36

Yellen herself said it is a long slow road, and we aren't there yet. I wonder if Bernie even heard still_one Dec 2015 #40

It's true that it's a very small hike. joshcryer Dec 2015 #43

Keynes did not advocate perpetually low interest rates, but rather low interest rates when Zynx Dec 2015 #38

I know that. joshcryer Dec 2015 #42

Good news for everyone with a pension plan, comradebillyboy Dec 2015 #9

And good news for those whose ability to eat ... 1StrongBlackMan Dec 2015 #28

well timing is everything saturnsring Dec 2015 #11

Your union made an excellent choice yesterday. Tote Life Dec 2015 #45

This message was self-deleted by its author turbinetree Dec 2015 #12

Yabut, the Fed sets monetary policy, but the Congress sets fiscal policy. BadgerKid Dec 2015 #13

Didn't I just read that Sanders is a "financial genius"? OilemFirchen Dec 2015 #18

They can always dial it back GOLGO 13 Dec 2015 #20

I'm so old, I remember when all Democrats felt that way. Octafish Dec 2015 #25

No offense but I really question Bernies knowledge of economics if he is blasting still_one Dec 2015 #30

I thought we were supposed to pretend the economy is great since there's a D in office? MadDAsHell Dec 2015 #34