Re:Tech faces hour of reckoning as fundraising drops, layoff...
by Silhouette on Monday January 18, 2016 @02:51PM
(#10926461)
You double the interest rate, you half the amount of money big institutions have available to roll around.
Maybe I'm missing something really obvious here, but in what practical sense is that true?
But why does everyone insist on calling this change "small"?
Because by law or convention 25 basis points is the smallest increase in base interest rate that most national banks will ever make, and since this change was telegraphed long ago it's literally the minimum anyone working with serious finance was expecting.
Maybe I'm missing something really obvious here, but in what practical sense is that true?
But why does everyone insist on calling this change "small"?
Because by law or convention 25 basis points is the smallest increase in base interest rate that most national banks will ever make, and since this change was telegraphed long ago it's literally the minimum anyone working with serious finance was expecting.