puddytat

The Race to Zero Interest Rates

Both previous posters are very correct. Lower interest rates are essentially evil. They do prop up your economy as Schiller and Schiff say vehemently. There is no real reason for low interest rates other than giving a sugar rush. People.... the US is at a second level of insolvency
Look at your GDP to debt ratio chart... If that doesn't scare the crap out of the US I just don't know what does. Yes... help the home owners because they pay taxes and drive the economy.... DO NOT push down rates in the hope this will stimulate people to get into MORE DEBT.
You have no more cash. You are insolvent. Stop spending money you don't have. What is the point of having cheap money if the price of the products... ie houses... are still astronomically high..
STOP SPENDING MONEY YOU DON"T GOT.