That’s the ‘logic ‘ for racketeering prices and shark loans interest rates that banks are charging Americans…specially the wide % who earn lower salaries…underpaid salaries…
The Federal Reserve has pushed its baseline interest rate to the highest level in decades, and even when some prices in other areas are moderating. So it’s been a bit of a mystery to economists why rent hasn’t followed suit….it’s ‘like’ big corporations predatory practices monopolies are overcharging people…but..but..no..look…there’s a mom-pop owner…how can you pooosssiblyyy blame them….
Same with gasoline, insurance predatory prices skyrocketing: house, car, health…all of them…
And yet the fed is ‘not ready ‘ to cut anything from this loan sharks predatory interest rates…🤔
It’s ‘like’ they’re getting paid to do so by…..I know..I know…evil China…🤭
And to round the usurped bs blaming the victims for the ‘uncontrolled inflation ‘…see..it’s your subscriptions…and..cc charges…cause if workers need cc to survive expenses…well…they should make their own banks and sh..
Remember go fast to your underpaid jobs…and prepay your taxes…cause handouts are billionaires corporations birthright…🤑
And listen to the far right extremists libertarians bro dictionary definitions of supply…and printing…and…😂
https://www.yahoo.com/news/rent-driving-inflation-something-off-191159238.html
by BikkaZz
3 comments
Raising “the rate” is literally raising the rate at which banks lend and borrow between one another for overnight loans – other rate increases follow naturally as the cost of the money they lend increases for them. I don’t think the spread has changed much.
Inflation was rising and hit 9% before they jacked up rates. You do not want 9% inflation. A high mortgage and shit rates on car loans is nothing compared to 10%+ inflation.
You’re not supposed to talk or think about that. When you were 14 you were explicitly told not to.
And as such nobody on this forum is capable of thinking beyond “If they print money that’s bad!”. Even when there’s multiple studies from state reserves and universities showing that inflation is caused by price gouging and anti trust violations.
People want simple solutions. They want to think that if we just fire enough people (other people, not them or their families) everything will be fine.
The last thing they want to think about is systemic changes to our economic system.