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Joined 1 year ago
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Cake day: June 14th, 2023

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  • That’s not really true. Banks getting higher interest on loans also pay out more interest on deposits, otherwise they’re unable to attract and retain customers. FI profitability is based on net interest margin (revenue from lending - losses from deposits), and they need deposits to have the money to lend out so they can’t arbitrarily lower their deposit account rates to increase NIM.

    Banks get richer no matter what happens, because people need loans. If anything, higher rates make it more challenging for banks to make money as people are less able to make repayments and less likely to take out loans for luxury purchases or holidays.





  • Reddit death > installing mint on my second PC > realising I can run most of the games I play and installing mint on my main PC > start learning Rust as a first foray into programming in a long time > realise I want to go back to uni and study info tech to get out of my shitty marketing job > get a shitty second hand laptop off my parents that struggles to run windows and install endeavourOS to try something different.

    It really is a slippery slope. When does it end???