Monetary policy impacts system; credit card interest rates reach 20.09%.

June 30, 2023 2:39 pm by CWR

Sharing is Caring!

My banker just said they are doing tons of home equity loans. It's mostly to pay off the 20% credit cards with 8 to 10% home equity loans. Ask yourself if it's going to actually change the spending habits of people? Getting scary out here…..

— ChatSOB (@TheSOBofAIChat) June 30, 2023

See also 10,000 layoffs and more to come (Cargill, Tyson, and John Deere). The unemployment level is now higher than when the Fed cut rates (September).

See also Brace Yourself: Fed and Trump Can't Stop the Looming Financial Crisis as Bond Defaults and Credit Card Debt Delinquencies Skyrocket

38 views