4 ms·
Zirp... Never heard that before, but I can see the relation. If you combine regulator/access control with central bank zero rate, it is a guaranteed giveaway f
by AtlasBarfed 2y ago
Zirp... Never heard that before, but I can see the relation.
If you combine regulator/access control with central bank zero rate, it is a guaranteed giveaway for the rich. By definition you are giving the powerful unlimited free money.
Because of course Joe blow on the street can't get a zero or negative loan. He has to get it from the bank who gets to pocket the free money.
And a free loan can be fractionally scaled by a bank I would imagine.
- gruez 2y agoWhat does this have to do with job engagement? ZIRP was coming to an end in the years prior to 2020, and that was associated with rising job engagement, but there was a huge interest rate spike in 2022 but that was associated with falling job engagement.