Comment

Budgetocalypse Open Thread

783
b_sharp4/09/2011 9:49:24 am PDT

re: #600 shropshire_slasher

What happens to the interest rates when inflation goes up. What happens to your debt repayment when interest rates go up? Inflation isn’t coming, its already here.

Inflation is 2.11%.
The US dollar is going down, which is an advantage for exports.
The interest rate is .25%
What’s the immediate problem?