Bernanke sees less stimulus, higher rates ahead – Yahoo! Finance

My skinny: I see this as a very clever wealth transfer. The effects of which I still need to chew through, but in the end, banks that borrow from the Fed will not lose their margins. They return assets and earn better returns based on a higher Fed payout interest rate. This increase in return revenues would/could/should(?) cover an increase in payout interest for Certificates of Deposit and interest-bearing accounts that people contribute money to. A zero-net loss. Clever, indeed.

Bernanke sees less stimulus, higher rates ahead – Yahoo! Finance

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About Brian in Chicago

Chronicler. I like sharing. I chronicle in the areas of cryptos, urban agriculture (aheh- gardening,) and esoterics & deeper truths. Follow along at these blogs: tinycryptoblog.wordpress.com, epochblog.wordpress.com & grennpitchfarmsblog.wordpress.com Rule #1 - Take ownership of your world. If you see something that needs fixing, take action. Even if you're not going to be the one to fix it, contribute something towards it. Rule # 2 - Don't be a dick. Be well, everyone.
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