The Fed raised short-term interest rates
We're all so tired of its debates
One quarter percent
The market's content
To wait longer would tempt the fates
If you're thinking of buying a house or getting a small business loan in the US, do it ASAP. Every few months of delay means paying more in interest.
http://www.npr.org/sections/thetwo-way/2015/12/16/459989461/federal-reserve-announces-hike-in-short-term-interest-rates?utm_campaign=storyshare&utm_source=plus.google.com&utm_medium=social
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LEGO Americana Roadshow: Building Across America I just checked out this traveling exhibition from LEGO and was quite impressed. The scale ... -
Merry Christmas, everyone!
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When we let politics trump science, people are needlessly put in harm's way. http://arstechnica.com/science/2017/01/self-censoring-fears...
"The economy has improved enough to be able to handle higher rates, the Fed said. "A range of recent labor market indicators, including ongoing job gains and declining unemployment, shows further improvement and confirms that underutilization of labor resources has diminished appreciably since early this year," the Fed policymakers said in a statement released at the end of their two-day meeting in Washington."
ReplyDeleteOngoing job gains? Then why are thousands of people being laid off? Myself included. Declining unemployment? Only because people have run out of their benefits completely, not because they are no longer unemployed.
Damn good poetry.
ReplyDelete"More profits!", the banksters all whine
ReplyDeleteYou can hear them bitch all the time
Even though it's to our detriment
They're determined to experiment
Jacking rates up on our credit lines.