The FED's job is to push toothpaste backinto the toothpaste tube.
Think of the housing boom: why do you think increased interest rates did not cut funding? Because it was highly profitable at that time. Banks most certainly squeezed credit in other sectors of the economy -- those sectors who already had problems enough to cope with.....
This is the same argument why there is no possibility for inflation in a broad recession.
this man can KILL with boredom
davfritz 2 years ago
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kalium456 2 years ago
The FED's job is to push toothpaste backinto the toothpaste tube.
Think of the housing boom: why do you think increased interest rates did not cut funding? Because it was highly profitable at that time. Banks most certainly squeezed credit in other sectors of the economy -- those sectors who already had problems enough to cope with.....
This is the same argument why there is no possibility for inflation in a broad recession.
kalium456 2 years ago
Good stuff. Thanks for posting.
largo2001 2 years ago