Saagar Enjeti
speaker
52,387 appearances
197 recordings
9 series
first heard Dec 2024
last heard 3d ago
Saagar Enjeti’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 195 in all, peaking in Aug 2026 with 36.
Appearances
What does it actually mean for for?
You.
And it's they lay it out here very easily and reiterate many things that we've always talked about here on the show.
Interest costs for your credit card borrowers will go up.
Uh, they quote, will they say it won't directly affect your mortgage rate, but we'll show you a little bit about how inadvertently it largely is.
It affects generally the overall immediate impact on interest rates all in the short term, including for home equity lines of credit.
And people right now are sitting on record levels of home equity, but high rates have made it so that very very few people are actually going out to buy new houses and or to sell.
Locking themselves in.
One of the most attractive things, largely for a lot of boomers, is to tap their home equity lines of credit in order to make available cash, either to fund whatever, you know, for various purposes.
So that's going to increase the overall borrowing cost.
And I just think br by and large, like that is what we should just look at this and say, look, the federal funds rate, why it matters for you, is it just means higher interest debt for everything, increased borrowing costs, which we
Know is the direct implication and effect uh intended effect of this policy.
They want to make it harder to borrow money.
It also has a huge data center impact where the only businesses that can now afford to take out the loans to fund their massive capital investment projects are the data centers.
And so what we have watched over the last three years is 2023 on, data center capital expenditure has gone.
Dramatically up sky high.
Normal outside uh other side business construction activity has gone way down from baseline.
So it's literally a trade-off in deciding what to finance in our cut.
Yeah.
We could use more houses, less data centers, and we're literally getting the opposite.
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