Quote:
Originally Posted by lezinterracial
Zero interest rates is just that, Borrowing from the future. If the unemployment rate is so great now, The Fed should have already raised interest rates.
When the markets crashes again, It will be everyday people that lose their money. Goldman, Citi, and all the rest would have already pulled their cash out.
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Central bank interest rates should always be low. They are a private bank lending trillions of dollars. Why should they get paid more for computing loans with zero risk involved? They dropped interest rates when they finally had to admit they were private banks. The rest is all bullshit. BTW Citi ,Goldman and and handful of others are the shareholders.