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It seems interest rates do not increase or decrease because of who is president or which political party is in power at that time. But economists and the general public blame the president and political party in power.
How does an oil company’s decision to increase gasoline prices relate to the president? Ditto for a company’s decision to increase the price of eggs or furniture or clothing or food. Or the stock market going up or down, affecting interest rates? Or higher interest rates for loans?
Gilbert Horita
Ala Moana
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