/biz/ - Business & Finance

>>29856104
You’d be surprised. Pic related is the federal funds rate but still. Certain points in history 16% wouldn’t have been out of the question

I just ran the numbers out of curiosity. To set a 5% interest rate with $30 trillion in debt, the US would have to pay over a trillion dollars a year, or about 1/3 of all tax revenues. Even at 2% that's still half a trillion a year, 15% of revenues. We are so utterly, unbelievably fucked it's difficult to comprehend.

Every single stock market crash in the last 100 years was preceded by a hike in interest rate

The markets won't crash until there's an interest rate hike.

https://fred.stlouisfed.org/series/FEDFUNDS