Talk of The Villages Florida - View Single Post - Sick & tired of the reporting it’s great news the Fed may be cutting interest rates!
Thread: Sick & tired of the reporting it’s great news the Fed may be cutting interest rates!
View Single Post
 
Old 09-13-2024, 02:32 PM
MorTech MorTech is offline
Platinum member
Join Date: Jan 2017
Posts: 1,770
Thanks: 0
Thanked 595 Times in 371 Posts
Default
I doubt they will ever allow savings rates higher than inflation...They want you to spend and risk investment (Like SPY ETF up 20% YTD). Wall Street wants zero-bound so they can have higher asset inflation. They use inflation as a way to default on debt.
Last edited by MorTech; 09-13-2024 at 02:45 PM.