I am in no way an expert in financial areas, but the fact that "emergency" low interest rates introduced in 2008 never got raised implied to me that we never actually fixed anything.
I am in no way an expert in financial areas, but the fact that "emergency" low interest rates introduced in 2008 never got raised implied to me that we never actually fixed anything.
But they did -- they offset the impact of the increasing price of oil (which reaching $147 per barrel). Lower interest rates make stuff more affordable.
I am in no way an expert in financial areas, but the fact that "emergency" low interest rates introduced in 2008 never got raised implied to me that we never actually fixed anything.
the suppression and distortion of the price of money (interest rate) was critical in extracting real wealth and value from the system.
it was a manufactured "emergency" in order for the central banksters and their owners to loot that much harder.
But they did -- they offset the impact of the increasing price of oil (which reaching $147 per barrel). Lower interest rates make stuff more affordable.