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Temperature_Foreign OP t1_jdy00g2 wrote

Reply to comment by xmustangxx in The economy in 2023 for dummies by Temperature_Foreign

Whatever G. The point remains that higher interest rates means higher rates the banks have to charge. You are essentially nitpicking instead of focusing on the greater point

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xmustangxx t1_jdy3w1f wrote

Stop again. Go google “how do banks make money”. You need to learn about what the spread is and it has nothing to do with butter or your moms legs

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Explod3 t1_je14qaw wrote

Not always the case. Rising interest rates typically help banks due to increasing margin. “Rapidly” rising interest rates hurt everyone. Please read more.

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