Monday, June 12, 2017

Rate increases not "cooling things off"


No kidding? Return to savers finally off zero after 8 years its about time.





2 comments:

Tom Hickey said...

A puny rate increase in not going to affect margin purchases significantly. If they want to cool off the market, they should raise the margin requirement.

Andrew Anderson said...

Return to savers finally off zero after 8 years its about time. Matt Franko

The return for a risk-free deposit should be no more than 0% to avoid welfare proportional to account balance.

We do need more private sector net financial assets but the just way, in addition to perpetual deficit spending by the monetary sovereign is:
1) Welfare proportional to need
AND/OR
2) Equal fiat distributions to all citizens.