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What are the repercussions for individuals? Loss of jobs? If so, why would higher interest rates hurt the job market?
by ryanSrich 10y ago
What are the repercussions for individuals? Loss of jobs? If so, why would higher interest rates hurt the job market?
- bootload 10y ago"There will be demands for high inflation to relieve debtors." @ryanSrich: personal debt, reduced demand in a declining market . If you are in debt at a variable rate and have reduced or no income.