The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Don Earl who wrote (14688)	11/19/2008 3:26:17 PM
From: Zuiderzon	2 Recommendations Read Replies (2) of 71456

"An increase in prime, increases payments on cards consumers have already maxed out to make ends meet, and who are already hurting." On the other hand, somebody is lending out the money and he is running a higher risk now, yet sees lower returns because the interest rate he gets is coupled to that same prime. So a decision by the Fed to lower interest rates intervenes with the regular market forces of demand and supply in the loan market. It effectively steals moneys from the people with savings and hands it over to the people in debt to keep the circus going. So to save hurt on the debt side they cause hurt on the savings side.

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