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No, he is literally correct. The fed interest rate has hovered around 0% for ages. That's free money.
by geysersam 5y ago
No, he is literally correct. The fed interest rate has hovered around 0% for ages.
That's free money.
- danielmarkbruce 5y agoThe fed funds rate was 2% just a few years ago, it was 5% in the mid 00's and was rarely below 5% before that for decades. Also, it needs to be paid back. On top of that, they are in a competitive market where mortgage rates are very low, corporate lending rates are very low. So it's not a simple game of "free money in, high interest money out". Anyone who thinks finance is some easy game hasn't played the game.