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Originally Posted by Norrin Radd
Thanks for all those sources to back up your opinion.
Oh wait, you didn't post a single source to back up your opinion.
TYPICAL.
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Thanks for the sarcastic remarks.
What is my source?
I just pay attention to financial reports.
Also...........they don't intend on changing interest rates for the next several months......
So what does that indicate??????
Why does the Fed lower interest rates..............?
Why does the Fed boost rates..........I bet you know the answer to that one?
I don't need to post any links to that because any half-assed economist knows you raise interest rates to prevent inflationary pressures. When was the last time the Fed raised interest rates on long-term loans?
I don't need some biased left-wing journalist telling me lies about what the economy is doing.....because all I need to do is pay attention to what the Fed does and watch the market. The MSM is purposely reporting bad news and ignoring good news, so you have to look yourself for the good indicators. If the Fed isn't changing rates then the Fed feels the economy doesn't need to be controlled or kick-started.
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For example, long-term interest rates, like those on 30-year home mortgages, have a lot to do with what banks think the Fed will do in the future [source: Federal Bank of San Francisco]. If the Fed hints that it will raise interest rates to combat inflation (more on that in the next section), the banks might be worried that the Fed knows something they don't, namely that inflation is on the rise. As we discussed earlier, inflation affects the real interest that a lender earns on a loan. To adjust for the possibility of rising inflation, banks might raise their long-term interest rates.
Howstuffworks "Interest Rates and the Economy"
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