Last time, we looked at the Fed mania. After (many of) the Brits said that they have had enough of the high-falutin' folks of Brussels, and who can blame them, Janet talked goo-goo (like Ben, of old) to the addicts. Oh, no increase in sight. We might take away little bit of change that we gave to the savers last year, she said.
So, then, we got this inflated event on the chimera. It is well-covered in this blog just how much of a crappy game is that whole bit of things.
But, Janet ought to realize that Islam says no interest. She is almost there. Except, the bankers want to steal the money from people who have scrapped and saved over decades. They want to move it to the pockets of the fat cats.
Now, if Janet wants no interest, she ought to consider other laws of Islam. It's called Sharia Law. You can find reference to Islamic Finance in this blog, too. How do you think that would go over, Janet?
What are the impacts of negative interest rate policies currently in effect on the global financial market?
With this latest little bubbling, Janet could raise to 1%, let's say. Let the ball drop and see what the heck happens. After all, the Fed has been flying blindly for years now. Why not try a different angle?
So, savers continue to be flayed. Thank you, bankers.
Remarks: Modified: 07/15/2016