RIP ECONOMY
RIP ECONOMY
Gabriel Ward
Hudson Hall
inb4: "I DON'T KNOW WHAT BPS MEANS SO I'M GOING TO SEE THE 100 IN FRONT OF IT AND FREAK OUT AND DO NOTHING BUT PAY EVEN MORE ATTENTION TO THESE MEDIA OUTLETS THAT WANT ME TO BE A SCARED CONSUMER!"
Dominic Adams
oh wow 1% its literally nothing
Leo Stewart
Big finance gets unlimited bailouts and do-overs forever. No amount of Zerohedge butthurt will ever change that. You will always be a loser. Cry about it.
Austin Turner
and it's one bank asking for something. it's not even assured they'll get it. it's literally nothing
>b...but the tweet said they're the first bank
So...they're the only bank to ask for this?
David Moore
What does 100 BPS mean?
Jack Morgan
Good, let it burn.
John Martinez
Dow is crashing right now. Inflation much worse than expected. down 1000 points.
Brayden Stewart
100 BPS is the minimum we need right now.
It's the only way to get inflation under control.
Jackson Green
1%. Doesn't seem like much but it's a pretty big hike just in one go.
Kevin Turner
Aren't rate hikes usually quarterly? Why are they every month now?
Ryan Kelly
that's how hard your girl's heart beats when 6'2" me shows up
Andrew Green
Or we could do regime change and restore the Republic and kick the Jews out of the west again and restore sane money policy by COINING MONEY AGAIN instead of printing it.
Benjamin Thomas
Wrong, it would make the rate 3.5%
Benjamin Myers
Nomura?
Robert Sullivan
>ECONOMY
Take your IV fiat goy. Shit out the interest.
Camden Richardson
>math is hard
Angel Martinez
t. community college student
Charles Bennett
1% is significant for buying power
Chase Richardson
>100 BPS
100 Basis Points.
1 Basis Point is 0.01%, so 100 BPs is 1%
The number they're talking about increasing is the federal rate, which is the interest that banks charge each other.
The higher the Fed Rate, the less incentive banks have to give money to businesses/people.
So that means inflation goes down since there's less money flowing into the "real" economy.
Dominic Collins
these idiots also told us there would be massive food shortages by now and we'd all be fighting over a can of beans
they've never been right about anything
Thomas Gonzalez
One Hundred Basis Points federal interest rate. It represents a percentage of a percentage. So 100 basis points is 1%, 25 basis points is .25% etc
Nathaniel Powell
And recession goes up. Lending less while prices are heavily inflated will not lower prices it will lower opportunity.