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Joined 11 months ago
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Cake day: August 10th, 2023

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  • Lowering and raising interest rates directly correlates with the increasing or reducing inflation.

    Meh. When you raise interest rates, companies raise prices, and go on borrowing. Raising rates doesn’t help fight inflation.

    We are now seeing housing starts grinding to a halt, as average people stop buying homes do to high interest rates. These stories are starting to trickle into the press. Housing developers are calling high interest rates a disaster and economic killer. Politicians and banks listen to housing developers. The anger is building against bankers that believe simple stories such as ‘Lowering and raising interest rates directly correlates with the increasing or reducing inflation’, the real world is never that tidy.