4 ms·
> If prices crash the Fed is likely to lower interest rates which makes construction profitable again, because the prices are lower but so are the construction
by medo-bear 3y ago
> If prices crash the Fed is likely to lower interest rates which makes construction profitable again, because the prices are lower but so are the construction company's borrowing costs.
The Fed? Not everyone lives in the Empire
- AnthonyMouse 3y agoThe Empire is global. If the Fed lowers interest rates, not only can foreign nationals borrow at lower rates directly or indirectly from US banks, because of that the central banks in other countries tend to follow suit.