What does it mean for us small fish when the feds cut rate?
Can we take a zero interest loan?
The 0% rate is only for the banks
They can borrow money from your saving account for 0%
And pay you 0% interest
They can borrow money from uncle sam for 0% interest
But if the average small fish joe borrow from the bank
Its probably 3-4% interest
Credit card is 29%
THIS IS THE WHITE MANS GAME