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Is the Feather Reserve Keeping Interest Rates Too High?
Mortgage rates in america have moved from three % to six % in the span of only 3 to 6%. That's the fastest ever increase in mortgage rates that has ever been recorded in the us. You you simply are not able to borrow the same funds and to face a monthly mortgage instalment rate at the new mortgage rates, because borrowing rates have doubled. What we have basically done is we have made money supply completely elastic. We need to feed the leverage beast and the money printing beast every single im if the feather reserve doesn't accommodate this progress,. If they keep interest rates too tight for too long, the system doesn't work any more. No elected politicians actually wants to