Big surprise, rates might go up

[dryheat]

-It suggests the US central bank failed to communicate the possibility of a bigger increase, and that undermines its credibility and raises the risk of a crash, the economist added.-

No one heard about this? Seems like that's all I've heard.

https://markets.businessinsider.com/news/stocks/stock-market-crash-risk-jerome-powell-comments-mohamed-el-erian-2023-3

[Major Tom]

There are big credit card debts mounting everyday by people who do not have the cash to buy even the essentials of life. Credit card interest rates will be going up. People will be filing bankruptsy to get out of debt. My family does not have credit cards thankfully. If we cannot pay out of pocket, we don't buy.

[Vern Humphrey]

There are big credit card debts mounting everyday by people who do not have the cash to buy even the essentials of life. Credit card interest rates will be going up. People will be filing bankruptsy to get out of debt. My family does not have credit cards thankfully. If we cannot pay out of pocket, we don't buy.

That is the way to be.

In the First Congress, they were debating borrowing money. Edmund Ruffin of Roanoke stood up and said, "Mistah Speakah! Mistah Speakah! I have discovered the Philosopher's Stone, Sir! It is pay as you go, Sir, pay as you go."