2012-08-09 — doctorhousingbubble.com
The cost of a low interest rate does come at a heavy cost. We are already seeing that net interest income for US households is already negative showing that consumption power is being pulled out. After all, many older Americans (a booming group) depend on fixed income rates for income. Lowering the rate to subsidize housing and the banking sector comes at a cost. This is important to note given that we have increased our public debt by a stunning $714 billion this year alone
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