Tom DeVeau

The middle class is in credit card debt from the inflation since Covid, has no cash savings, and can barely afford daily expenses. Raising federal rates will have a complete opposite reaction than intended. What needs to happen is a significant fed rate drop to 1.5% which will trigger refinances, personal loans to pay off debt, more cash in the pockets of the middle class, which all leads to more spending and in turn more money for the corporations. Why is this so confusing for the government? Keep raising rates and there’s no spending, defaults in numbers never seen before which cripple the economy, shut down corporations and leaves no room for government bailouts.

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