FOMC raised the rate .25%.
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FOMC raised the rate .25%.
Yep, beginning of a "gradual increase". Buckle your seatbelts...Originally Posted by roberth
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“Make men large and strong and tyranny will bankrupt itself in making shackles for them.” – Rev. Henry Ward Beecher (1813-1887) US Abolitionist Preacher
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FedGov will have to borrow more money to service the debt.
My online savings account just dropped my interest rate 0.10%. You'd think it would have gone up. I'm eagerly awaiting higher interest rates for savings.
"There are no finger prints under water."
Funny how that seems to work, give it a week or early next year and see if it adjusts upward.
I'm hoping so. It was listed as 1.2% when I checked the Highest Interest Rates 2015 list, but when I went to sign up it had dropped to 1.1% a month or two before I signed up. Now it's down to a flat 1%. Hoping to see a nice increase as these rates go up.
"There are no finger prints under water."
http://wolfstreet.com/2015/12/15/fre...ry-glut-bites/
The transportation sector just keeps getting worse. Even after today’s uptick, the Dow Jones Transportation Average is back where it was in April 2014, and down 18% from its peak a year ago. Within this transportation sector is freight, a gauge of the goods-based economy, which is having a rough time.
In November, the number of freight shipments in North America plunged 5.1% from a year ago, according to the Cass Freight Index. It hit the worst level for any November since 2011.
Bankers are getting a pay bonus! Those on disability and the elderly are not! Merry Christmas from "O" interest!
Bah humbug from your Feral Goobermint...
LOL tell that to my wife, not sure if she'd slap you or piss herself laughing.
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The only people to benefit from this rate rise are the Federal Reserve Bank and the central government. The retail banks do not benefit. You do not benefit. It is a hidden tax. You are sending more of your hard earned money to Washington. I feel like I am at a party of the Third Reich around April 25, 1945. What are they buying with your money? More of these?
https://en.wikipedia.org/wiki/Raven_...untain_Complex
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