what created the credit bubble in the first place,hmmm,cheap money and a decade of inflation,that wasn't controlled by an higher interest rate to curb all that. ok,it makes for a more expensive purchase,but at some point,it's healthier in the long term,than doing nothing. which is lesser than the two evils? controlled or uncontrolled.
Your earlier post is very accurate abput interest rates. Why do you think the markets dropped like they did and the dollar rallied. The treat of rate hikes! Then when the FED played it down again.. .whoosh!.. back up. Markets and algos listen to every word and react accordingly. Peoples view that interest hikes are good for banks is completely misguided, they're not. What it means is a cash strapped society will pay more for goods and services, mortgages more expensive, more defaults, more cars reprocessed and and and. Hardly good for banks who's business is to lend money and make profits. The world already is in a global depression HSBC can confirm that. Milk the stock any stock because having a long term view will stitch you big time. Times have changed and how you make money and what you do with it is a serious business.
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