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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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54071183 No.54071183 [Reply] [Original]

Is this accurate?

>> No.54071268

>>54071183
Yeah
But higher rates have never proven to be deflationary anyway
Higher rates only increase banker profits when the reserve requirement at the fed is set at 0%

>> No.54071292

>>54071268
higher rates are your punishment for taking useless loans and inflating people savings

>> No.54071304

>>54071268
So why is the fed raising rates?

>> No.54071330

>>54071292
What's an example of a useless loan?

>> No.54071372

>>54071304
>So why is the fed raising rates?
Because they want to punish poor people and increase bank profits like this user said
>>54071292

>> No.54071413

why does raising interest rates make banks fail?

>> No.54071444

>>54071413
people default on loans

>> No.54071468

>>54071413
>bank sells loans to survive
>no one buys loans because interest rates become to jewish

>> No.54071486

>>54071183
nailed it

>> No.54071488

>>54071183
They're not bailing them out. The weak banks will die off, but it's necessary.

>> No.54071495

>>54071413
Only banks who don’t have access to the federal reserve system directly fail during a time with 0% reserve requirements
JP Morgan, Wells Fargo, and BOA get free money but Silvergate and SVB have to get funding from the big banks who are charging high interest
Plus they had asset values crashing at the same time. They’re probably over leveraged and being squeezed out by their biggest competitors

>> No.54071506

Does this mean that if you are rich you can never be poor in US? Awesome country to live in.

>> No.54071517

>>54071183
Pretty spot on understanding of our unfixable situation
They were forced to pick a solution and they chose the one that would take longer to implode in the hopes that they won't be there when the bomb goes off

>> No.54071526

>>54071413
because they are no better than overleveraged shitcoins

>> No.54071577

>>54071183
Almost there: add inflation disproportionately harms the poor and transfers wealth into the hands of the elites, and yes, youd have a complete picture

>> No.54071885
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54071885

>>54071517
It's not unfixable anon, the bigger the bubble, the bigger the payoff in gold and silver when it finally implodes. The only people who will suffer are cattle tier goyim investors and idiots who put their savings into crypto. Buy shiny rocks.

>> No.54071907

>>54071413
this question is so antisemitic that it does not even deserve a response

>> No.54071948

>>54071577
oh wah

>> No.54072161

>>54071330
700k on a house with waived inspection and diligence, dodge charger or new land cruiser, idk just look around you everyone is ass deep in bullshit

>> No.54072311

>>54071183
i'm morbidly anticipating venezuela-tier interest rates
>>54071413
banks do foolish things like buy low-yield loans that then crash to zero in value when rates get hiked