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pbmus

(12,422 posts)

3. We are in this MESS because of many reasons and low interest rates is NOT one of them...

Reply to bucolic_frolic (Reply #2)

Wed Jan 27, 2021, 06:34 PM

Jan 2021

The major reason we are in this MESS is because the American people voted in the most incompetent corrupt administration in the history of America....

If interest rates had risen over these last 5 years to keep banks and the rich people with money on the sidelines happy, we the people would have suffered even more....

Wherever you get your data from, please recheck your thoughts...the tea party monetary philosophy will never again be viable...and for a very good reason...it only benefits the wealthy.

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Highlight:

Fed Stresses Its Commitment to Low Rates for the Long Run [View all] Wicked Blue Jan 2021 OP

Supercalifragilisticexpealidocous pbmus Jan 2021 #1

The reason we're in this mess, aside from the pandemic, is Low Rates for the Long Run bucolic_frolic Jan 2021 #2

We are in this MESS because of many reasons and low interest rates is NOT one of them... pbmus Jan 2021 #3

Please recheck your thoughts also, low rates got us into this mess from 2009 through the present bucolic_frolic Jan 2021 #4

First, you are a mainstream theorist and I am a modern money theorist... pbmus Jan 2021 #7

Long gone are the days of 12% CD rates that were perfectly safe unlike the stock market. MOMFUDSKI Jan 2021 #5

Also long gone, the 15% mortgage rates of the early 1980s, thank heaven nt Wicked Blue Jan 2021 #6