You are viewing an obsolete version of the DU website which is no longer
supported by the Administrators.
Visit
The New DU. Reply #3: Very bad
[View All]
DJ13
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Jan-22-08 01:53 PM
Response to Original message |
|
Drives the dollar lower, which increases inflation.
Also these Fed rate cuts arent filtering down to the consumers where it would help our economy (whens the last time your credit card rate went lower).
The financial institutions are using these rate cuts to borrow money cheaper while maintaining consumer rates high, which is good for their bottom line but does nothing to ease the high credit costs that are the underlying cause of this crisis.
|
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion
board, visitors agree to abide by the rules outlined on our Rules
page. Messages posted on the Democratic Underground Discussion Forums are the
opinions of the individuals who post them, and do not necessarily represent
the opinions of Democratic Underground, LLC.
Printer-friendly format
Email this thread to a friend
Bookmark this thread