'Atlas Shrugged': From Fiction to Fact in 52 Years

[tradersboredom]

interest rates will only rise if economy is booming or inflation from rapid growth in the economy.

the rates are non artificially but reflection of slowing economy that needs a stimulus or reason for capital to invest in real estate or assets.

right now capital is sitting in t-bills and 10 year bonds earning less than 3% until real estate or asset prices have higher returns from super low price capital will sit there.

real estate prices are still relatively expensive.

the recession is a 'market correction' from high speculation and overleverage like many booms before.

Quote from clacy:

Exact opposite, my friend. We're in this mess due to artificially low rates for many years, and goverment forcing banks to lend to people that couldn't afford to pay back mortgages.

It's that simple. Easy credit over borrowing got us to where we are and that is the fault of big goverment and over regulation.

 

[Landis82]

Quote from jem:

But the disaster was made by wall street crooks.

But you forgot about the part where PHIL GRAMM enabled them to be the kind of crooks that they are . . . spearheading the "Commodity Futures Modernization Act of 2000" that allowed for un-regulated credit default swaps and the Enron's of the World with not even a committee hearing or a recorded vote, and cleverly packaged into the "FY 2001 Appropriations Act".