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, crypto evangelist, and enjoyer of soccer. It's time for humanity to mature to its adulthood. I share things I enjoy and that I feel are worth knowing. Follow along at tinycryptoblog.wordpress.com and epochblog.wordpress.com Be well, everyone.
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