Interest Rate Hikes

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http://www.cnbc.com/2017/06/14/interest-rates-addressed-at-fed-meeting-with-janet-yellen.html

>As financial markets had anticipated, the policymaking Federal Open Market Committee increased its benchmark target a quarter point. The new range will be 1 percent to 1.25 percent for a rate that currently is 0.91 percent.

What's she up to? What is the Federal Reserve up to? Hiking interest rates in such a weak economy with so much debt.

The last recession was caused by the Fed raising interest rates into a weak economy with so much debt. What rising interest rates mean is that the government has to pay back more on the debt they already owe. The US government has to pay 0.25% more interest on its debts today than it did yesterday.

Americans can't afford this type of interest on their debts. Especially when housing prices are in a bubble and the retail apocalypse is happening. A major crash is going to happen.