| low interest rates are hurting us
Posted: 5/16/2008 6:00:11 PM | low interest rates makes for cheap money and devalues currency, can keep debts too high (in our current situation). It is consdiered good for the sotck market yet it's good for the present time when in conjunction with falsified data on the ecnomy put out by the government.
low interest rates are hurting the elderly as well as the financially responsible people who have money in the bank. For some it means hundred to thousands of dollars different per month on interest earned. Instead of getting 5 to 6 percent, getting 3 to 4 percent makes a world of difference.
the housing problem was fueled by too low of interest rates and the rates were not sped up fast enough by Bernanke after Greenspan took it down to 1%. so now the FOMC lowered interest rates to keep the economy at an unreasoanble target of 3% growth, a very unrealistic number as it should not be much greater than the population growth of 1% (i ahve a spreadsheet demonstrating it). If the government would simply allow a recession to happen with higher interest rates to undo the malody they helped to create, many of the problems would get straightened out faster, but they opt to create higher debts (for government and for citizens through more encouragement of borrowing instead of saving) to make the situation worse. | |
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| low interest rates are hurting us
Posted: 5/16/2008 6:24:39 PM | | It's the fact that the federal reserve keeps puttingout more monopoly ( counterfeit )money into the system that is buggering up the economy , nothing else. | |
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| low interest rates are hurting us
Posted: 5/16/2008 8:14:09 PM | | Low interest rates concern me, because I have interest-related income and very little debt of any kind. | |
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| paging MontrealGuy, again!
Posted: 5/17/2008 6:35:11 PM | While I am no fan of devaluing currency, consider California. This is the largest economy in the world, that cannot print its own currency. Flip back in your memory banks, when Enron throttled it of cheap electricity. What happened to its economy then, when it couldn't inflate its way out of the debt? What has happened since, now that its currency has been inflated?
Anyone got access to the info? | |
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