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/biz/ - Business & Finance

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16021214 No.16021214 [Reply] [Original]

If interest rates are a function of savings in an economy, and Americans have no savings, then why are interest rates so low?

>> No.16021223

>hurr durr I hate hate america and myself heres a spam post

>> No.16021226

>>16021214
>interest is the invention of satan
t. Tommy Edison

>> No.16021236

>>16021214
based chink

>> No.16021245

>>16021223
>>16021236
pea brain nationalists browse biz apparently

>> No.16021407

>>16021214
Interest rates used to be a function of savings when we are the gold standard. Now the Federal reserve sets I tereat rates to.whatever they want by printing money and buying treasuries. They always want it low so the govt doesn't default.

>> No.16021424

>>16021214
Because they want you to get a credit card and use that instead of spending what you can save up