west central illinois | DaveSD - 8/21/2015 15:28
If zero interest rates were the cure for the economy, the economy should be very, very healthy right now, especially after many years of this policy. well guess what. It was not healthy for the economy but now the debt load of the average American all the way up to the largest city have grown so much raising them will make it worse to the point of default. My state is a perfect example. The bailouts were a mistake back at qe1 and they are still but it's too late now. You have the lowest unemotment rate and the highest ever welfare rathe. So I see a big problem.
Edited by emtbd1979 8/21/2015 16:35
|