How Long Will Banks Screw Their Customers On Deposit Rates...As Long As You Allow Them To - News Today in World

How Long Will Banks Screw Their Customers On Deposit Rates...As Long As You Allow Them To

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Title : How Long Will Banks Screw Their Customers On Deposit Rates...As Long As You Allow Them To
link : How Long Will Banks Screw Their Customers On Deposit Rates...As Long As You Allow Them To

newstoday-ok.blogspot.com ~As we're all well aware by now, once Trump was elected on November 8th the Fed suddenly decided it was no longer necessary to prop up asset prices in the United States with artificially low interest rates. As such, they've embarked on their first rate-hiking spree since the last one ended just over a decade ago.

Of course, equity investors have failed to realize so far that the party may be coming to an end as every debt-fueled asset bubble, from autos to residential mortgages, is about to experience the demand destruction that comes along with a tightening of credit. That is, if Yellen and her fellow bankers can stay the course. But that is all a story for another post.

For now, in light of the fact that the Fed has raised rates by 75bps over the past 6 months, we're wondering just how long the big banks can continue to stiff Americans out of interest payments on their deposits.

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