2 ms·
Someone below mentioned interest rates which is a fundamental thing and cannot be overlooked. We are in a 'weird new normal' of low-interest rates for a variet
by jariel 7y ago
Someone below mentioned interest rates which is a fundamental thing and cannot be overlooked.
We are in a 'weird new normal' of low-interest rates for a variety of reasons, partly artificially induced.
But if you put your finance hat on and contemplate for a moment what that means ... well it means debt and a lot of it and rationally so.
If super low-interest rates become normative, our thinking has to change quite fundamentally because it's rational to lever up quite dramatically. We may have to reconsider entirely how the national balance sheet works.