With consumers so deeply indebted, this time low interest rate's wont create bubbles? Unless they create refinancing backed bonds, CDOs, etc; and the credit rating agencies give them AAA?
That's funny!! No bubble re-inflation on credit this time, these lower rates are more for bank benefits than consumer. Banks are in horrible shape and will be able to make more $$ with the lower rates, thus shoring up the balance sheet a bit.
There are two types of people in the United Snakes. You have 1) people in debt and 2) people who are not in debt. People who are not in debt, their assets are collectively valued in the TRILLIONS. The media presses the story of poverty, not of opulence. Always have, always will.
"There are two types of people in the United Snakes." _____________________________________________ Never heard that one before. How'd you come up with that?