[quote=HLS]They need to be careful what they wish for…
there are always unintended consequences.
They might do the opposite of what they are supposed to.
Are you familiar with carry trade ?
I don’t see how rates can rise much in the US
(maybe .125%) when there are forces going the opposite way.
It may turn out that a 2% long term bond is an amazing return.
The average person will probably never have the opportunity to borrow large amounts at very low rates however there are some simple strategies that
people with good credit can take advantage of today.
People who can least afford it are paying 20%-30% interest on credit card debt and it’s become a way of life for many.
Negative interest rates do pose an interesting concept and paying interest on anything will only be for the poor.
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so what’s so bad about economic darwinism?
eventually the poor “should” learn that using credit they can’t afford is going to cost them big time….
the big lesson I’ve learned looking at the state of the economy these past few years is:
it sucks to be poor (and stupid) and better to be rich (and smart)
