Quote:
Originally Posted by retiredguy123
Interest rates are too low. They need to be raised faster.
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I am glad it is not my decision to make. Our national debt is, close enough to claimed reality 33 TRILLION DOLLARS. To few realize that they do not comprehend one Trillion let alone 33 of them. I recall reading somewhere, rates were lower than today, the interest on the national debt was then one and a half BILLION A DAY. Back to my original point I see clearly that I do not REALLY comprehend 1.5 BILLION either.
Not an interest rate hike but a belief the Fed will raise interest rates because of the inflation they have caused. The stock market lost, I've not yet looked 3-4%. That is SAVINGS, retirement funds even a pension is funded in the stock market.
It is wealth, all savings is wealth, simply evaporating.