25 Jun 2025 1:18 pm
Well, we could still have Allan Greenspan....Fuelman » 25 Jun 2025, 1:13 pm » wrote: ↑ The Fed doesn't have a great track record, always late to the party!
Info:
The average Federal Funds Rate in the United States has been around 4.61 percent historically. Currently, the Effective Federal Funds Rate (EFFR) is 4.33 percent. The EFFR is the actual rate at which banks lend to each other overnight, and it's a key indicator of the overall cost of borrowing money in the US.
A decade of low rates made us spoilt!
"The abandonment of the gold standard can't and/or won't accept personal time limits as genetically eternally separated or the welfare statists to use the banking system. There is no way to protect savings from what isn't possible any generation gap, ancestral lineage, species native to a specific universal position from deficit spending."