I don't understand why everyone is celebrating "cutting rates" when it directly reduces the yield on the lending positions.Every time they slash interest rates, the whole yield curve slides downhill.Banks adjust. Money markets adjust. Lending platforms adjust.And suddenly my APY looks like a sad little participation trophy.People keep saying "it's good for the economy" but it's not good for MY economy.My passive income dropped by a non-trivial percentage and everyone else acts like this is completely normal, wtf?? If you are lending money (through a bank account, money market, DeFi platform, etc.), your APY usually goes down too, because the whole market adjusts to the lower base rate. Rate cuts might be great for crypto short term but for savers, lenders, and anyone trying to make their money work instead of sleep, it's basically hell, i fucking hate this shit, they are forcing people to invest in risky assets like BTC and gold, im not going to be the fucking loser buying the top just so they can crash everything afterwards
>>61441301More people have debt than savings by a large margin that's why you fucking spastic
>>61441307and how is this my problem? im out here trying to build wealth, and the macro environment is like:>Here, take 0.0000001%… go buy yourself something nice.i have to suffer because of all these retards fucking my APY earnings
>>61441357you dont build wealth by saving in worthless paper moneyyou will always lose out to inflation
>>61441369you're right, i should just put my money in bitcoin and gold and watch it drop to 0
>>61441301>why everyone is celebrating "cutting rates"Because it makes number go up for my shitty alts
>he doesn't know...
>>61441301high rates are unnatural. you need to understand that "high rates" increase the rate of money creation, and holding the economy hostage to high rates for an extended period is foolish because the inflationary effect of cutting will be magnified the longer you wait. Ideally there would be no centralized "funds rate" whatsoever and banks would compete to offer the highest or most stable interest on deposits
>>61441550do you really believe people would move their hard earned money on digital meme coins from all the possible assets in the world? might as well just invest in yourself at this point
shit baitshit thread2/10 at least its original
>>61441357Yep, thats the point, you never "make it" you must keep slaving to exist because fiat money system is infinite growth of debt so come one day the jews at the fed say well you owe us so much i guess we own the world now
>>61441301It’s “good for the economy” because the modern American economy requires large amounts of debt churn to function properly. As well, coof regulations sent a lot of small businesses into an early grave, and the market share of those small businesses was taken up by large corporations. We haven’t recovered from this. Immediately after sending those small businesses to their graves, the fed boosted rates up to 300% of what they were before they’d been dropped in late 2019, and 2200% of what they were after the pre-coof drop to 0.25%. Small businesses were destroyed through regulation and then immediately priced out of the loan market by rate hikes combating inflation. Inflation is a negative, yes, but if you want to have any small businesses at all within your economy, and that economy requires debt to participate, then you either need lower interest rates overall or discriminatory rates that favor the small business over the large corporation. Back in 2017, the NBER apparently reported that 100 basis points of increase on a small business loan’s interest rate decreased the number of total loans by nearly 20%. We are currently 375 basis points above the pre-coof rate.
>>61441382Was on your side but now going to call it that you’re a faggot
>>61441382Gold has been doing extremely well overall.
>>61441301>calling earning interest on your savings 'passive income'
>>61441974im earning almost 600$ per week doing nothing chud (800k in savings), it is passive income and the jews trying to ruin it for me by cutting rates every 2 months
>>61442039That’s 3.6%. What yield bearing vehicle are you using? You can deposit into a Vanguard money market fund for about 4% right now.
>>61442039lmao ur gonna get dodd frank'd
>>61441642That's exactly what should happen when you have an irresponsible economy or govt. The pain should be distributed evenly to those who elected a govt that halted the economy to print money. Cutting is dodging responsibility and dooming everyone. How is this not apparent to anyone. All the toxic printed money has to be destroyed first and everyone has to learn the consequences of their voting decisions.
>>61441301>My passive income dropped by a non-trivial percentage and everyone else acts like this is completely normal, wtf??Most people are 200% broke, the normal shift would be taking out loans and credit cards but the funny thing is that debt is never cheap if you're a poorfag, only if you're rich do you get those sweet .5% interest deals. If you're a poorfag then enjoy shit like 18% interest on CC debt or 5.5% interest on student loans. Yum yum.
>>61442288Americans have never voted for the money printer, no? Americans were gifted the money printer at gunpoint. We were scammed.
>>61442325Americans also immensely benefit from the money printer so your point is moot.
Reverse repos are on a downtrend
>>61442039Its not passive income its just interest earned faggot. Also lmao at being happy from your $600 a week, how the fuck does someone like you even get 800k. You could be earning so much more from it. But no keep it in the bank earning your 'passive income'
>>61442339This amounts to little more than guilt by association. Your third world ethos shines brightly, my friend. A serf flinging shit at a peasant locked in a stockade for the crimes committed by a nobleman is still a serf.
>>61441301i don't care, i don't live in burgerland
>>61441369>you dont build wealth by saving in worthless paper money>you will always lose out to inflationKnow why? Keynes wanted a system where nobody saved. He wanted money to always be changing hands. Go read anout hai Bancor system which literally penalizes nations that hold wealth for not distributing it to poor nations.Inflation is baked in so you will spend.
>>61442375It means less lending to your poorfag nation.
>>61442374Yet the serfs are the same people who overthrew the monarchy. Isn't america built on this ideal about government for people bullshit? It's popular to hate the elite but when it comes to actually making them responsible, you don't want to give up too much or feel too much pain? All you want to do is make videos on youtube about how the financial system is broken and complain on /biz/ that it's too hard.
>>61442388>you haven’t done a revolution yet so ackshually you really are a financial terroristCIA is that you?
>>61442409No, you and your ilk are financially irresponsible and should pay the price. Stop complaining the rates are too high if you don't have a plan on changing policy. If enough americans understood this, there would be enough change, but all you do is complain, and nothing ever gets done.
>>61442039you should be selling put options that are like 8-10% out of the money and collecting like 60 or 50 basis points on that 800k ( 50 basis points on 800k is $4,000 ) for biweekly expires >t. general partner of a family run limited partnership that is managing low seven figure amount and generating income out to family members on a monthly basis as dividends on limited partner's shares...my serious advice to you sir is to go and understand how options are underwritten and realize that you have a large pile of cash that enables you to make a significant sum of money simply because you have a large enough pile of money in the first place most people do not have that enables you to participate in a lucrative derivatives market...
>>61441301>"anyone trying to make their money work">by taking zero risksorry bud you have a fundamental misunderstanding of how making money works, you have to take risks. oh and the debt you are talking about that lenders own just went up in collateral value, you do understand the relationship between price & yield of debt right?
>>61442765What happens if the price drops?
>>61441357Bottom line is you’re just working your ass off hoping some sort of power system will reward you based on some notion of fairness that you’re still nursing from a mother wound or something. But real life doesn’t work that way, if you want wealth you’re going to have to take it from someone else one way or another
>>61442039kek at all of the poorfagged debtniggers seething at this post.
>>61442380No wonder they hate (PoW) crypto so much lol
You do are accounting for the convexity of your portfolio, right anon?
>>61442419>dude just vooooote the 38 trillion debt away
>>61443172Steiner....
>>61441301loans cost less. lower savings yields push people to go push more money into stocks and bonds.
