zero_gravitas@aussie.zone to AusFinance@aussie.zoneEnglish · 8 days agoRBA's decision on interest rates a choice between two evils: recession or inflationwww.abc.net.auexternal-linkmessage-square14linkfedilinkarrow-up112arrow-down10
arrow-up112arrow-down1external-linkRBA's decision on interest rates a choice between two evils: recession or inflationwww.abc.net.auzero_gravitas@aussie.zone to AusFinance@aussie.zoneEnglish · 8 days agomessage-square14linkfedilink
minus-squarezero_gravitas@aussie.zoneOPlinkfedilinkEnglisharrow-up1·8 days agoWe could also not hit people with mortgages at all. In the US all mortgages are fixed-rate for the whole term of the loan.
minus-squareHanrahan@slrpnk.netlinkfedilinkEnglisharrow-up2·4 days agosure, you’d need to socalise banking for that to occur, it’s only because of US Government backed Freddie and Fannie offering that deal that commercial banks had to compete.
We could also not hit people with mortgages at all. In the US all mortgages are fixed-rate for the whole term of the loan.
sure, you’d need to socalise banking for that to occur, it’s only because of US Government backed Freddie and Fannie offering that deal that commercial banks had to compete.