Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

(37,182 posts)

6. Zero or near zero interest rates are strong drivers of income inequality

Fri Aug 4, 2017, 10:32 AM

Aug 2017

The lower the cost of borrowing, the higher asset valuations rise. Thus, owners of assets get richer at a faster pace than everyone else.

Edit history

Please sign in to view edit histories.

0 members have recommended this reply (displayed in chronological order):

13 replies

= new reply since forum marked as read

Highlight:

The Fed has raised rates 4 times in the past 16-18 mos Fiendish Thingy Aug 2017 #1

Quarter point raises aint doing the job. Yavin4 Aug 2017 #3

Agree CountAllVotes Aug 2017 #5

So, if you don't have any "assets" ... CountAllVotes Aug 2017 #7

I remember 5% savings accts Fiendish Thingy Aug 2017 #10

So do I CountAllVotes Aug 2017 #13

They'll get there Fiendish Thingy Aug 2017 #9

So mortgages should be 7-8% then? Dreamer Tatum Aug 2017 #11

A large part of the reason that home prices HeartachesNhangovers Aug 2017 #12

Know what you mean! CountAllVotes Aug 2017 #2

They are...my credit card rates are all climbing... Wounded Bear Aug 2017 #4

I thinks it will still take years for bank account HeartachesNhangovers Aug 2017 #8