So shouldn't loan companies be making tons of money with the high rates they can

Jan 19, 2023
3:04:39pm

viper All-American

charge?

I guess it just comes down to they probably have to pay out higher rates in order to get the money to lend out.

I guess it just feels like someone should be making some real good money right now.

Report problem with this ad

viper

Bio page: viper
Joined: Dec 21, 2010
Last login: May 4, 2024
Total posts: 7,135 (15 FO)

Report problem with this ad

Messages

Author

Time

Why is the economy struggling so bad, people just not wanting to spend money? I

viper

1/19/23 2:53pm

Lots of people are losing jobs, so yeah. Those people aren't spending money.

Turnpike Lane

1/19/23 2:54pm

Same higher costs you see as a consumer are hitting businesses equally hard

COUGND

1/19/23 2:55pm

And any company with leverage is getting destroyed in interest rates

Dr T-bone

1/19/23 3:01pm

So shouldn't loan companies be making tons of money with the high rates they can

viper

1/19/23 3:04pm

No, they're making much less money. They don't keep the delta between the prior

OnEMoReTrY

1/19/23 3:10pm

<< Deleted >>

Buffalo

1/19/23 2:56pm

A lot of extra money was spent during Covid. People bought everything to make

Nat Gas Man

1/19/23 3:02pm

I used my Biden bucks to buy theatre chairs.

DwigtA2RM

1/19/23 6:14pm

Soooo much wasted stimulus money spent during covid.

kosmokramer

1/19/23 3:04pm

So you are saying we could fix the problem by giving out more money?

viper

1/19/23 3:07pm

Fix the problem by focusing on production

kosmokramer

1/19/23 4:30pm

Costs are rising faster than wages and revenues.

shoganai

1/19/23 3:13pm

Is it struggling?

JuicyJam

1/19/23 3:28pm

Easy answer: An economy is only as strong as the goods and services produced

Posting on CougarBoard