oh wow’ awile back we had some good interest rates to buy a ...
oh wow’ awile back we had some good interest rates to buy a home, and then they wanted to start printing some money to pay for things. So they turned on the printing presses, and then they turn them on again. And stuff started to get more expensive. then being a little slow to the play, they said “what’s happening“ stuff is too expensive so we gotta wave our magic wand of interest, and raise the rates in an effort to control spending behavior. Crazy as it sounds, their goal is to create an environment where more people are out of a job. And by raising the interest, they essentially bottlenecked the profits going back into our banks, and the banks started to have a hard time making less money, and they are starting to show their sickness to all. (kind of IMO, but has a good point.😆😆)
(Can anyone add to this this to help others understand some of the macro economics going on in our country. FYI, I’m new to trading stocks, but the moomoo Community is a very smart and aware bunch of good people that are helping other newbies out like myself. Peace.)
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tidy Penguin_3402 : Yes, let's go together