Quote:
Originally Posted by melpetezrinski
Borrow at 1% and invest at 2,3,4%. This is the main reason why we are in an inflation crisis. The fed kept rates too low for WAY too long. Do you remember when rates were actually negative in certain countries? Why wouldn't you borrow free money? We are the land of consumerism. Of course we are going to borrow and spend. Household debt just reached a record 16 TRILLION. Household debt surpasses $16.5T in Q3 amid inflation, rising demand: NY Fed report | Fox Business. Of course companies are going to borrow to grow their business. Heck, even Apple is borrowing money with a staggering 51 BILLION dollars in cash. Something is rotten in the state of Denmark and it's not my $1 eggs. |
Not going to be getting myself in jail for being political but I believe the time you were referring to is 2018 to 2020. I seem to recall a lot of "tweets" by a particular individual strong arming the Fed chair to keep the rates low… It just so happened there was an election on the horizon at the same time. Hmmmm.......
Pretty sure history will too put this in the proper perspective.
