Negative interest rates for banks; Student loans still 8%
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Negative interest rates for banks; Student loans still 8%
by Saz » Wed Feb 17, 2016 3:12 am
DON'T BE A TOUGH GUY. DON'T BE A FOOL! I WILL CALL YOU LATER.
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Re: Negative interest rates for banks; Student loans still 8
by Saz » Wed Feb 17, 2016 7:28 am
Last edited by Saz on Thu Feb 18, 2016 4:31 pm, edited 1 time in total.
DON'T BE A TOUGH GUY. DON'T BE A FOOL! I WILL CALL YOU LATER.
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Saz - Vice President
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Re: Negative interest rates for banks; Student loans still 8
by IBM » Wed Feb 17, 2016 10:56 am
Rocky times ahead.
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Re: Negative interest rates for banks; Student loans still 8
by Indy » Wed Feb 17, 2016 11:50 am
Guys, banks are people and we have to take care of our most important people. F*** students if they can't pay. Jail them.
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Re: Negative interest rates for banks; Student loans still 8
by Medius » Wed Feb 17, 2016 12:01 pm
This is pretty much the main problem I've had with the "modern" economy. Sure, there are problems with fiat currency. Sure, having a resource backed currency avoids those problems (with a list of other problems). But the truth of the matter is that any system can be done wrong. And our debt based economy to me, is doing it wrong. It seems that all of the wealth we generate is for yesterday and we have to hope that tomorrow, they generate enough wealth for today. If anything goes seriously wrong, we are in for a terrible cascading failure. Either we fly the bird and protectionist up, or we eat crow and grovel out of our debts.
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Re: Negative interest rates for banks; Student loans still 8
by Dylan » Wed Feb 17, 2016 12:09 pm
I still feel pretty good about murka. Being the reserve currency gives us a huge margin for error on debt:GDP ratios that no other country has.
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Re: Negative interest rates for banks; Student loans still 8
by Saz » Wed Feb 17, 2016 12:15 pm
Not even the us can withstand a global downturn. And fiscal debt levels are not the concern here, monetary policy is. The fed, like every other central bank, is out of ammo
DON'T BE A TOUGH GUY. DON'T BE A FOOL! I WILL CALL YOU LATER.
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Re: Negative interest rates for banks; Student loans still 8
by Saz » Thu Feb 18, 2016 7:32 am
DON'T BE A TOUGH GUY. DON'T BE A FOOL! I WILL CALL YOU LATER.
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