Fed Cuts Rates: Will RV Rates Follow?
The Fed cut rates 1/2 percent this morning in an effort to keep the stock market bubble growing. I'm negotiating a new RV loan to close in 10 days and the dealer quoted me 5.49% last week. I haven't...
Forum Discussion
"When rates go to zero or less the fed makes no money. They make money loaning us money our own US Mint prints and we have to pay them back with interest on that money that came out of thin air."
The Fed does not loan money, they borrow money from individuals. Unless I misunderstood the concept that is attempting to be conveyed. The fed does loan to member banks. But this is to add liquidity to the financial markets not as a primary goal of earning income.
The Fed does not loan money, they borrow money from individuals. Unless I misunderstood the concept that is attempting to be conveyed. The fed does loan to member banks. But this is to add liquidity to the financial markets not as a primary goal of earning income.
