Quote:
Originally Posted by tony404
I heard there is only one way to make the dollar stronger and thats raise interest rates. OUr fed chairman seems to like going the opposite way.
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Man like 70% of Americans are neck deep in debt, if they raise the rates, all those poor people will default on their payments, more bankruptcies, more foreclosures, etc. Your banks have ridden the middle class into the ground already, if they go any further the banks will REALLY feel the pain. They've gotten way too used to the 20% credit card gravy.