Quotes About Interest Rate

#1. Ever since the millennial crash, the United States has been buffeted by currency shocks, interest-rate gyrations, and financial device bubbles. Government fashions move "investment" from real estate consumption to climate distractions. It was technology alone that saved the world economy.

George Gilder

#2. Our tree is actually a tree of the short-term interest rate. The average direction in which the short-term interest rate moves depends on the level of the rate. When the rate is very high, that direction is downward; when the rate is very low, it is upward.

John Hull

#3. My grandma raised her eyes to the heavens, put her hand on her heart and sighed dramatically. "Dear God, one day let my family love me for my soul instead of my remarkably elegant possessions, my shoe box full of cash, and my outstanding high-interest-rate back account...

Emily Cassel

#4. If you fail to pay your minimums for any debt on time, your credit score will take a major hit and you run the risk of seeing the interest rate on all of your cards go up. An easy way to remind yourself to pay, is to sign up to receive your statements via e-mail.

Alexa Von Tobel

#5. No loan is free. The costs are in your loan somewhere, maybe rolled into the amount to be refinanced or even coming at a higher interest rate.

Barbara Corcoran

#6. Interest rate cuts have an effect in stimulating an economy by directly or indirectly making someone, somewhere, spend more than they otherwise would. That extra spending increases demand and ensures that we all carry on with work to do, without us having to slash our prices or our wrists.

Evan Davis

#7. Mario Draghi became the first major central banker to cut a key interest rate below zero as he unveiled a series of radical measures to stave off a crippling bout of deflation, and signalled his willingness to take further action.

Anonymous

#8. One grave and fundamental Keynesian error is to persist in regarding the interest rate as a contract rate on loans instead of the price spreads between stages of production. The former, as we have seen, is only the reflection of the latter.

Murray Rothbard

#9. A lower interest rate doesn't make a debt go away.

Dave Ramsey

#10. Simply calling your credit card issuer and asking them to lower your interest rate may yield immediate savings.

Jean Chatzky

#11. You'll get the biggest bang for each buck by paying off the highest interest rate debt in your portfolio first, while making minimum payments on the remainder. It's called the avalanche method, and it gets you out of debt cheapest and fastest.

Jean Chatzky

#12. Increasingly, its discount rate was seen as the minimum short-term interest rate in the so-called money market (for short-term credit, mostly through the discounting of commercial bills).

Niall Ferguson

#13. A cash advance on a credit card is one of the worst types of borrowing because the interest rate is typically 21 percent or more.

Suze Orman

#14. When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. The interest rate is only an intermediary instrument.

Milton Friedman

#15. What the Depression teaches us is that when the economy is so depressed that even a zero interest rate isn't low enough, you have to put conventional notions of prudence and sound policy aside.

Paul Krugman

#16. We've got to make greedy banks pass on interest rate cuts in full, and we've got to see rents coming down.

Jasmine Guinness

#17. Refinancing your mortgage usually makes sense if you can lower your interest rate by at least two points. But the most important question to ask yourself is, how long will it take you to break even?

Barbara Corcoran

#18. The one instrument that has relative political autonomy is monetary policy. Central banks do not need to go to Congress to get approval for an interest rate hike.

Mohamed El-Erian

#19. The Interest Rate Reduction Act takes a first step toward providing critical stability by eliminating the threat of an immediate interest rate increase, while making clear the need to move toward a long-term solution that serves the best interests of taxpayers and borrowers.

John Kline

#20. No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest.

Ben Bernanke

#21. We're helping the consumer. Because we're taking him out of his high interest rate credit card debt and putting him into lower interest rate mortgage debt.

Michael Lewis

#22. Privacy is a vast subject. Also, remember that privacy and convenience is always a trade-off. When you open a bank account and want to borrow some money, and you want to get a very cheap loan, you'll share all details of your assets because you want them to give you a low interest rate.

Nandan Nilekani

#23. I've found that when you can quickly knock out debt you get motivated because you see progress. Then you attack the other debt so fast that even if it's at a higher interest rate, you don't end up paying much more because you've gotten rid of it.

Michelle Singletary

#24. We test everything on a one- and a three-year cycle. And you want to stress-test a model, and the three-year test usually does that because you have a growth and value bias. You have different interest rate environments.

Louis Navellier

#25. With interest rates rising, gold doesn't pay an interest rate, but every other currency - it becomes not only less important to hold gold as an alternative, but more expensive to hold it as an insurance policy and so that will be a burden on the price of gold.

Lloyd Blankfein

#26. There will not be an automatic increase in interest rate when unemployment hits 6.5%.

Ben Bernanke

#27. Too often, we make budget cuts - then blow the savings. Instead, think about your financial picture. Do you have high-interest rate debt? Paying it off faster will save you a bundle.

Jean Chatzky

#28. It takes 150 years to build an investment bank and only five minutes to convince you to sell me preferred stock in it at a 10% interest rate.

Warren Buffett

#29. The real challenge was to model all the interest rates simultaneously, so you could value something that depended not only on the three-month interest rate, but on other interest rates as well.

John Hull

#30. The world economy is in a nosedive, and understanding what I call "depression economics" - the weird world you get into when even a zero interest rate isn't low enough, and a messed-up financial system is dragging down the real economy - is essential if we're going to avoid the worst.

Paul Krugman

#31. I mean, Dodd-Frank is strangling small community banks. It doesn't make any difference what the interest rate is. They're not - they're not going to loan the money because they can't make any money for one thing plus the cost of compliance.

Rick Perry

#32. In the interest rate area, traders have for a long time used a version of what is known as Black's model for European bond options; another version of the same model for caps and floors; and yet another version of the same model for European swap options.

John Hull

#33. As a beneficiary of the carried interest loophole, I've seen firsthand the lack of any difference between the work involved in generating a carried interest and the work done by millions of other professionals who are taxed at the full 35 percent rate.

Steven Rattner

#34. We have believed for many years, much earlier than anyone else was talking about this issue, that it was in the interest of China to evolve to a more flexible exchange rate system.

Rodrigo Rato

#35. Both a priori reasoning and experience teach us that as as these funds grow larger the geometrical rate of growth by compound interest ultimately defeats itself.

Benjamin Graham

#36. These factors include things like the unemployment rate, interest rates, the dollar's strength in the currency market, petroleum prices, and consumers' disposable income. Those

Marc Cosentino

#37. Whether a bank lent one million, ten million, or a hundred millions, they would not permanently alter the market rate of interest; they would alter only the value of the money they issued.

David Ricardo

#38. Tax laws favor capital over labor, giving capital gains a lower rate than ordinary income. The rich get humongous mortgage interest deductions while renters get no deduction at all.

Robert Reich

#39. The insurance companies do not refer to the key policy rate when they send their statements. We can only control that rate. Long-term interest rates are determined largely by global financial markets.

Mario Draghi

#40. The wise woman patterns her life on the theory and practice of modern banking. She never gives her love, but only lends it on the best security and at the highest rate of interest.

Henri De Toulouse-Lautrec

#41. What we have to be careful is that if we drop interest rates where the rate of interest is lower than inflation, then savers will not put money in financial savings and move it to gold and real estate, which is bad for India.

Uday Kotak

#42. Life is little more than a loan shark: It exacts a very high rate of interest for the few pleasures it concedes

Luigi Pirandello

#43. Ah, well, let's not borrow trouble; the rate of interest is too high.

L.M. Montgomery

#44. Most savings rates are based on underlying interest rates.

Martin Lewis

#45. The central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate, if they want to, but they can't control interest rates.

Milton Friedman

#46. The discounting presumably is to be done for each period of time at that rate of interest which represents the alternative cost of employing capital in the occupation in question; that is, at the rate which the entrepreneur could obtain in other investments

Kenneth E. Boulding

#47. If I had high-ticker 10 percent financing, which would probably be the market rate, I would have to dump stuff. The interest payments would be killing me.

Barry Sternlicht

#48. The refunding of the national debt at a lower rate of interest should be accomplished without compelling the withdrawal of the national-bank notes, and thus disturbing the business of the country.

James A. Garfield

#49. Why couldn't relationships be reciprocal, both people steadily accruing interest at the same rate?

Emma Cline

#50. Sleep is the interest we have to pay on the capital which is called in at death; and the higher the rate of interest and the more regularly it is paid, the further the date of redemption is postponed.

Arthur Schopenhauer

#51. Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what's actually happening to the companies in which you've invested

Peter Lynch

#52. The dilemma of modern society: the conflict between the need for capital formation at a high rate and the popular condemnation of interest and dividends as "unearned income" and "capitalist," if not as sinful and wicked.

Peter Drucker

#53. When a branch of mathematics ceases to interest any but the specialists, it is very near its death, or at any rate dangerously close to a paralysis, from which it can be rescued only by being plunged back into the vivifying source of the science.

Andre Weil

#54. Customers deposit money in a bank for interest; the bank lends that money to other people at a higher rate of interest. This isn't glamorous or interesting, but then banking is not supposed to resemble base jumping or hip-hop.

John Lanchester

#55. In 2010 the U.S. will have a payroll tax rate increase, an estate tax increase, and income tax increases. There's also a tax increase coming in 2010 on carried interest. This rate will rise from its current level of 15 percent to 35 percent, and then it will rise again in 2011.

Arthur Laffer

#56. from Uppsala, a Swedish city that doesn't interest many people. Even the inhabitants of Uppsala* themselves are embarrassed; the name of their city sounds almost like an excuse. Sweden has the highest suicide rate in the world.

David Foenkinos

#57. Profits in business always depend on the rate of interest: the higher the interest, the higher the rate of profit required.

James Buchan

#58. For individuals whose only capital is a small balance in a checking account, the return is negative, because such balances yield no interest and are eaten away by inflation. Savings accounts often yield little more than the inflation rate.

Thomas Piketty

#59. The rate of interest acts as a link between income-value and capital-value.

Irving Fisher