2 ms·
They’re absolutely not that incompetent. They’re on the pockets of people who profit directly from this. Follow the money, and all that.
by malvim 2mo ago
They’re absolutely not that incompetent. They’re on the pockets of people who profit directly from this.
Follow the money, and all that.
- seizethecheese 2mo agoI don’t think business really wants interest rates that high. Without conspiracy theories, a simpler explanation is that this is simply democracy in action. People don’t want the spending reigned in, and they don’t want their taxes raised.
- Grombobulous 2mo agoI think in this thread it’s worth posting out that interest rates aren’t actually high historically. They’re pretty normal. They were just wildly low for around a decade or so. If you look at a 30-year fixed mortgage chart, the <6% rate situation only existed between roughly 2008 and 2021. At no other time in the history of the 30-year fixed rate mortgage was it ever that low. Ever.