Well this probably isn’t a good sign for the economy…… any other banks cutting off equity lines? - The Great Awakening - Where We Go Qne, We Go All!

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Well this probably isn’t a good sign for the economy…… any other banks cutting off equity lines? (media.greatawakening.win)

posted 1 year ago by Bully_Solution 1 year ago by Bully_Solution +97 / -2

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– MAG768720 1 point 1 year ago +1 / -0

If interest rates are higher, wouldn't a bank make MORE money by lending MORE credfit?

Yes.

Therefore, it is not about higher interest rates.

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– deleted 2 points 1 year ago +2 / -0

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– MAG768720 2 points 1 year ago +2 / -0

Not when equity in houses are shrinking ... House prices in Toronto are dropping by 20%.

Then, it's about real estate prices dropping, which is what I said in a previous post.

Rising interest rates are leading to lower real estate prices (just like artificially lowering interest rates resulted in the real estate price bubble), so we sort of agree.

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– deleted 1 point 1 year ago +1 / -0

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