We are being so robbed. Bernake could have taken that trillion and offered Americans 4% mortgages and loans. Our economy would be skyrocketing.
Wow, you just don’t get it. What an entitlement mentality. Almost as bad as the robbers on Wall St. Its low interest rates that got us into trouble in the first place. The govt has no business handing out money to any party, neither bankers nor people looking to buy more crap that they can’t afford.
4% is historically far too low a rate to compensate someone for the use of their money for up to 30 years. That is just flat out insane.
Those of you predicting a tide of inflation have been wrong so far, and for the foreseeable future you’ll continue to be wrong, at least with respect to asset prices. Berspankme may end up driving food and fuel prices up, but only in the short term. The deflationary tide has landed. Social mood is darkening and people don’t want to borrow. Once that happens an economy built on selling crap made in 3rd world countries that you don’t need is going to have a hard time recovering, regardless of how low interest rates go.
Josh
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Thanks for that ugly truth. Now you are bad guy here, not me!
BTW, paypal just sent me a note that most purchases from ebay for next 10 days will get 15% cash back! got get my gold, ammo, oil, moonshine.
see ya.
