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> Which is exactly what got us out of the recession. wat. We're not out of it, people are just adapting to it.
by irishcoffee 11y ago
> Which is exactly what got us out of the recession.
wat.
We're not out of it, people are just adapting to it.
- Mikeb85 11y agoYes because a recession looks like 3% growth...
- irishcoffee 11y agoAnd yet the government is _terrified_ of raising the interest rate. Terrified. Think about it.
- Mikeb85 11y agoYeah because there's negative interest rates in Europe and the USD has already appreciated considerably. Anyhow, low-ish interest rates were the norm for most of the US' history, rates will go up, but get used to low rates. Keeping the banks in line (not taking too much leverage) is the key to preventing another bust, not raising interest rates. Regardless, low interest rates don't mean the US is still in a recession. There's 5% unemployment and the economy is growing. Heck, 2 of Europe's stronger economies (Switzerland and Sweden) have negative rates.