American consumers are feeling the pain of higher interest rates while Wall Street is having a ball, economist says

4 comments

1. Increasing the price of money makes doing business more expensive. The costs are passed on to the buyers. The lifestyles of the rich are not affected.

2. God forbid savers should get a break instead of borrowers.

3. The way the US Fed and economy is designed is to maximize the wealth of the wealthy and keep the poor working non-stop. This is the same irrespective of whether we have a democratic president or Republican president.

4. Could be the $3 trillion dollars in bailouts Wall Street already got last year when all their banking bets blew up and had to be saved