The Federal Reserve raised U.S. interest rates a quarter percentage point on Tuesday for a seventh straight time and nodded to growing inflation concerns, while saying it should still be able to lift rates gradually.
The unanimous and widely anticipated decision by the U.S. central bank’s policy-setting Federal Open Market Committee moves the benchmark federal funds rate—which affects credit costs throughout the economy—to 2.75 percent.
Probably just a coincidence, but immediately after the Fed’s announcement, I noticed that my credit cards had climbed out of my wallet and were doing lines of coke on my shaving mirror.
I have no idea what to make of that.
****
update: Ace takes the glass half full view — specifically, that this raise in rates augurs well as an economic indicator, blah blah blah. Whatever. When you’re carrying thousands upon thousands upon thousands of dollars of credit card debt, the greater good suddenly doesn’t seem quite so important. GIVE ME A STRUGGLING ECONOMY THAT BENEFITS ME, THE HORRIFICALLY OVEREXTENDED PROFLIGATE!
I may not have the fastest computer or a really cool plasma screen TV or a player for those fancy new CDs or even more than one pair of shoes.. but I have something most of you rich and spoiled Republicans dont have… NO CREDIT CARD DEBT !!!
Muh ha ha ha ha ha ha…… ha ha ha ha ha… ha ha ha ha..a a a… a
.. and its driving the Visa and Mastercard people insane too.. I shit you not.. I get between 5 and 10 preapproved card offers a day.. The capitalists will not rest until every American is a slave to their charge cards…
You and Dave Ramsey, huh. You’re an Evangelical Christian too? (Nothing wrong with that, just wondering.)
I’m buying a town house, have an offer in as of Saturday, and what I THINK is a commitment by my mortgage lender. Hope my final rate doesn’t get jacked. :(
Long-term rates aren’t tied to this increase, though it might have a slight affect. You should be okay, though.
Thanks Jeff. (With my luck, I’ll get the good rate, but the place will fail the termite inspection.)
Credit card debt is republican? Well, now it’s time for reveloution. Viva la Visa, Mastercard for the masses, American Express is neither! As a Democrat (but not a citizen journalist) I want a piece of this pie! Turning word “evidence” – as the alpha-ape noted, debt is evidence of the VWRC.
Get a job you slackers!
Just who do you think youre talking to Anonymous..?!! Dont make me get up off my couch and kick your butt….. oh, wait… Jerry Springers coming on.. and its ‘all in the family’ week.. I’ll get back with you later…. its not over..
How clever. I am all atwitter awaiting his next post.
The new Dusty girl has my leading indicator rising.
My only debts are the mortgage (soon to be replaced with a bigger one
) and a no-interest installment tab from a national furniture store. I charge most things on a cc, but pay it off every month. It hurts, but it only hurts once.
Turing “night” as in Thanks to no cc debt eating me alive, I can sleep at night!
We are in debt up to our eyeballs! We love debt! You people with no debt just don’t know what you’re missing!
Debt. It’s what’s for dinner.
Get a job.
We have a mortgage and an equity line of credit. That’s the way to go if you can swing it–spend money you don’t actually own and deduct the interest.
Anon, are you doing the bass line to that old song? Was it by the Silhouettes?
Yes. My favorite Silhouette’s tune.
Just when I’ve paid off the house, the land, the car and closing in the cc’s, my leachfield craps out, so I’m up to my eyeballs with something else at the moment. But I’m glad you folks don’t give a shit. Really. I mean it.
Jeez, Webb, first your cat, then your septic system. When it rains, it pours doesn’t it? Or at least it kind of squishes.
My God, Gail. I hadn’t put the two together before.
Maybe I shouldn’t have flushed my dead cat?
I was going t ask you if you flushed the kitty, but I didn’t want to appear insensitive.
For that would have been “wrong” (spamword)
Anon. We have a collective job: amuse Jeff. We’re doing our collective job. You, Anon, are slacking. Slack slacking slacker. Be funny or stand down, Sir.
JWebb,
That reminds me of something alleged to have been written in a toilet stall in Graceland. Someone wrote “If Elvis was so great, why was he buried in the backyard like a pet hamster?”
Someone else wrote “Because he was too fat to flush down the toilet”.
Anonymous is serenading us Ana.
Er? Troll Troubador?
Troll House Cootie.
Anon, are you doing the bass line to that old song? Was it by the Silhouettes?
Posted by gail | permalink
on 03/22 at 03:37 PM
Yes. My favorite Silhouette’s tune.
Posted by Anonymous | permalink
on 03/22 at 03:49 PM
The more memorable lyrics being:
Sha na na na, sha na na na na,
Sha na na na, sha na na na na,
Sha na na na, sha na na na na,
Sha na na na, sha na na na na,
Yip yip yip yip yip yip yip yip
Mum mum mum mum mum mum
Get a job Sha na na na, sha na na na na
”. . .immediately after the Fed’s announcement, I noticed that my credit cards had climbed out of my wallet and were doing lines of coke on my shaving mirror.”
And I noticed that all the twenty dollar bills in my wallet had rolled themselves up into tight little straws and that I had to clip my nosehairs twice today. Go figure.
Gail, maybe I’m thinking of the wrong song, but werent the lyrics;
Sha na na na
Sha na na na
Hey Hey Hey
Get a job!
Turing word: black
As in: CC, wasnt that song on Back in Black ?
Nothing to say, other that my Turing word is “indeed”.
Heh.