2 ms·
> Back in the early '80s rates were up around 16%... What does the current rate matter though. FED is going to bring the rates back down as soon as they can.
by dominotw 4y ago
> Back in the early '80s rates were up around 16%...
What does the current rate matter though. FED is going to bring the rates back down as soon as they can. America is hooked to cheap money.
- al_borland 4y agoMoney can only be so cheap for so long, before the house of cards collapses. That's a bad middle to long-term strategy. American's just need to stop living the high life on borrowed money. Living within one's means makes life much better.
- imtringued 4y agoHow do you expect that to happen if there is no right to force savers to spend off their savings to eliminate debt? Also, a 0% interest rate can potentially be stable eternally. An eternally positive interest rate must collapse at some point.