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Don’t Worry Too Much About A Fed Interest Rate Hike
FYI: American first-graders have only ever known low interest rates. The world they were born into has been tight-fisted to savers, and these youngsters have been unable to earn much from their piggy banks. But even as the era of rock-bottom rates is likely to end soon, they shouldn’t get too excited. Regards, Ted http://fivethirtyeight.com/features/dont-worry-too-much-about-a-fed-interest-rate-hike/
Did the zero interest rate really benefit those who depend on their CDs and bonds? Not really. It certainly helped the big banks, but not so much the consumers.
Did the zero interest rate really benefit those who depend on their CDs and bonds? Not really. It certainly helped the big banks, but not so much the consumers.
Which is precisely why the other thread "Failure to Launch: The Federal Reserve is trying to do what nobody else has been able to do " is interesting. Do the "economics" rule or do competing self-interests rule (using economic reality as a talking-point)?
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