Louis, Interest Rates, Financial Crisis discussed on Ari Shaffir's Skeptic Tank - #288: Death of a Salesman (@TimJDillon)
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Yeah he will he needs want is already in the market he has a house and he goes i have a fog an eight percent interest rate everybody else around me has five percent because rates have come down dramatically to them so then so you of an eightpercent ensured one hundred thousand dollars like louis or under those pay that off yeah oh you fibres yeah and the last and any his fifty grand let me ask you a question have you ever thought about a pool they say swimming's the best exercise than now your 150 that let me ask you a question ever would you wife you feel the guys get no arguments put his houses in that big wanna add will you haven't thanksgiving this year why don't you have it in a big beautiful dining room so you're people start goin' like you know oh okay and and you up some and then and then you can make money on the back and the back end is like i said i was gonna get four i'm really get ya foreign corner because quarter my pay you two points on the back depending on rates change every single day whoever the the back because the bank might say listen rates are changing every single day the only reason economy's freefall right now rachel exoo monies free essentially banks central banks everybody's borrowing money at no interest like they're just pumping and injured economic interest rates going up is so we will say that's asano about a convict the son of a good it's kind of a good economy but it's going to do our particular me because well and not that it will do must but here's the problem is the financial crisis happens again which can and it probably but this just nowhere to go now rates were zero and it's like there's no way to really.