BORROWING IS ABOUT TO BECOME MORE EXPENSIVE …
The Federal Reserve – America’s secretive, money-printing central bank – has raised interest rates for the first time in nearly a decade, a move that will make borrowing money more expensive.
The last time the Fed raised rates? The end of June, 2006. Since December 2008, rates have been effectively zero.
Now, though, rates will rise by a quarter of one percent – from zero to the 0.25 to 0.5 percent range.
“I feel confident about the fundamentals driving the U.S. economy, the health of U.S. households, and domestic spending,” Fed chair Janet Yellen said during a press conference. “There are pressures on some sectors of the economy, particularly manufacturing, and the energy sector…but the underlying health of the U.S. economy I consider to be quite sound.”
Liberal media outlets praised the move …
“It is a sign of how much the economy has healed since the Great Recession,” left-leaning CNN trumpeted.
CNN also touted how the decision to lower rates was based in large part on the nation’s shrinking unemployment rate … which as we’ve repeatedly pointed out is a virtually meaningless number in light of the rampant workforce shrinkage we’ve witnessed over the last six years.
Oh well. Let the “rainbows and unicorns” propaganda begin … again.
WTF? Flip / Tang / TARev – is this guy stable. Always creating new Disques accounts, then deleting them? Seriously, someone needs a shrink.
Spill it, Will. Are you fer or agin the interest rate raise?
For fuck sakes. Do the math, a quarter percent increase in a $200,000 mortgage is like $40/month. Not a real deal breaker.
You are right. 25 basis points is nothing in the big picture. We’ve had ZIRP for a good while now.
The Fed is a private banking cartel.
The Fed has been debasing the value of the U.S. dollar since 1913.
The Federal Reserve Explained: https://www.youtube.com/watch?v=iP9H5fADC0E
Who Owns The Federal Reserve: https://www.youtube.com/watch?v=WfnLnAjiFK0
9 Trillion $$$ missing From The Federal Reserve: https://www.youtube.com/watch?v=1QK4bblyfsc
Federal Reserve Killed JFK: https://www.youtube.com/watch?v=SsorQqLdUoQ
The Lincoln-Kennedy Connection: https://www.youtube.com/watch?v=ZcRGAiTpQ0Q
Finally I can live off my savings like the good ol days!
Oh, wait! LMFAO!!!!!