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I don’t think interest rates have the capacity to change unemployment right now until they hit some truly emergent effects like a much bigger banking crisis. T
by fauxpause_ 3y ago
I don’t think interest rates have the capacity to change unemployment right now until they hit some truly emergent effects like a much bigger banking crisis.
The US’ economy is not as capital intensive as other economies past.
- MuffinFlavored 3y ago> I don’t think interest rates have the capacity to change unemployment right now I don't know. New + used car sales as well as new 15/30 year mortgages (or what would typically be refinances maybe) have to have some effect. A car salesman closes less deals, he has less money to go on vacation with, etc. etc.