FED didn't increase interest rate to stimulate spending, to discourage people from saving. In a depressed economy, the one thing you need people to do is spend money because that drives up demand which drives up growth.
And in Detroit you need $500 to buy a house. This is a product of the local economy (i.e. the performance of a diverse economy versus one that puts all their eggs on a dying industry) and the amenities the city provides, which is boosted by a good tax base. The performance of a city is not an indicator of the economy as a whole.
Again, another red herring. Increase in tuition has to do with the fact that the government has been providing proportionally less and less on aid for students and the fact that universities have competing with other universities by up scaling their amenities. This has NOTHING to do with inflation which is calculated based on how much a basket of goods increase each year (also known as CPI). Go to bls.gov and get yourself educated.
No, it doesn't. A large portion of this is due to skill mismatch. Where the US has a competitive advantage against other nations are in jobs that require a college degree. This includes high-tech, financial services, and etc. This is why the majority of those unemployed are those that do not have a college degree.
The reason it has even progressed as far as it has is because of the intervention. Refer to the first point.
No they are not. I work at a bank, we follow the Fed and their (potential) actions to do our risk modeling. All talks are about raising interest rate so this is some bullshit that you pulled out of your ass.
More fearmongering. There has been a talk that next year would be the year the economy crash every single year and yet this has not materialize. Do yourself a favor Rifle, stay out of a topic you have no idea what you're talking about.
Kentxie, Not sure where to begin with this.
I'm betting you live in Kendall Square in your condo and possibly went to school at MIT as an economist and study a bunch of useless economic models that are complete nonsense at this point.
The statement you say stay out of a topic you have no idea what your talking about shows how clueless you are to life in general.
There is only two ways out of the mathematical debt bomb our Govt created for the American People.
#1 We either inflate the currency into worthless toilet paper.
#2 Deflationary Collaspe due to Higher Interest rates since our Govt can't service the 20+ Trillion in additional interest payments.
Congress continues to not audit the Fed's balance sheet this is how corrupt the system is. We don't even know where 3 or 4 Trillion is of America Tax dollars went. Which banks borrowed this money?
America's Balance Sheet is full of UNLIMITED DEBT.
Unfunded Liabilties 000's Hundreds of Trillions
National Debt 20+ Trillion
Even both parties are petrified at this point to make a comment on this.
AND THIS IS HOW TRUMP was Created. A basic FUCK YOU since the republicans are the biggest hypocrites in the room. They act so conservative but continue to lead the masses on a suicide economic scenario.
Please enlighten me where these returns from Wall Street will come in the future especially when the boomers retire which is very soon.
The majority of the Big Corporations are cutting their pension programs. They are only offering 401K Programs. ITS BASICALLY OVER.
I believe anything is possible in this world. But mathematically speaking the United States Debt problems are BIG one and I don't believe they have a clue.
What about the other side of the coin. The Fed is supposed to keep balance in the system. What about the group that needs higher interest rates? So heading in for 10 years now we have had nothing but low interest rates. I guess that group doesn't matter right?
