Or is "Old Yellen" doing her best to crash the economy?
Srsly. All of a sudden the economy needs to be squeezed by higher interest rates?? Really?
THAT will work for whom?
This makes me believe in conspiracies...
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Higher interest rates will work for me when I get some interest for my substantial savings that have collected virtually nothing for years, thanks to the REAL people who run us US. For the giant banks it's all about turnover. They make their money in fees and closing costs, and passing on bad paper to someone else. They don't care if mortgages are foreclose upon; it just means they will be able to finance another loan on that house for some other unqualified borrowers and make their fees and closing costs AGAIN. The guy who does the right thing and does not get himself into credit trouble is the REAL person experiencing unprotected anal sex at the hands (?) of the big banks and the FED. Sick and tired of waking up sick and tired.......
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