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AbstractH24
10 months ago
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Federal Reserve cuts interest rates by 50 bps
The thing most people don’t have their eye on is the ticking time bomb of variable rate loans taken out in 2020/21 reaching their 5 year reset soon.
If they didn’t start aggressively lowering rates it would be a huge drain on the economy
alecco
10 months ago
[–]
Message: take all the risky loans you can because it will be paid by the whole country with inflation and taxation.
AbstractH24
10 months ago
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Sad, but possibly true
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If they didn’t start aggressively lowering rates it would be a huge drain on the economy