posted on Dec, 17 2015 @ 07:01 AM
I don't think it will do much of anything, since I don't think they will actually raise it high enough for it to effect anything.
if they raise it too much, all that debt that is based on the interest rate like adjustable rate mortgages will see higher interest rates and I don't
see where the people's earnings have risen much if at all, so the people still can't afford those higher rates.
and if they raise them enough that the savers actually see a benefit to savings accounts, well, they will pull their money out of those riskier
investments like the stock market and go back to saving.
and then you got the fact that just about the entire western world is so debt laden - the consumer, the business sector, and the government sector,
that well, if they did raise the interest rate up to what it should be, well the entire house of cards will fall down. not so much for the average
consumer really, since they never really enjoyed the low interest rates anyways, but well, my bet is that many businesses did and the gov't did.
my guess is that unless they are being pressured into this (like they feel threatened by that new basket of currency that russia, china, and many
other countries are putting together, well, they aren't serious enough about it for it to matter. which is really unfortunate since I think it is one
of the things that needs to happen for the economy to regain any health whatsoever.
it's either the end of the line, or it's hot air....