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Near zero interest is completely unsustainable and clear evidence of problems in the market. They have lead to unimaginable asset bubbles that we still haven't
by time_to_smile 4y ago
Near zero interest is completely unsustainable and clear evidence of problems in the market. They have lead to unimaginable asset bubbles that we still haven't seen pop.
There's been some research [0] that the last decade has seen the lowest interest rates in 5,000 years.
We have been continually increasing solving market problems by just creating more credit but eventually you have to pay your debts.
We're headed for trouble potentially bigger than anything we've seen before if we continue on this path.
0. https://www.wiley.com/en-us/A+History+of+Interest+Rates%2C+4th+Edition-p-9780471732839 https://www.wiley.com/en-us/A+History+of+Interest+Rates%2C+4...