Corporations are pay 10% for new bonds and most individuals with credit cards pay 10% some 20%
so 0% interest rate is a fantasy.
and with quantitatvie easing..with FED creating new money..well where is the new money who has it...the new money is in Goldman Sachs bank account and for it's clients...average joe in the street doesn't see the money.
none of that new money created via qauntitative easing is in the real economy..fake money ends up in fake market.
so 0% interest rate is a fantasy.
and with quantitatvie easing..with FED creating new money..well where is the new money who has it...the new money is in Goldman Sachs bank account and for it's clients...average joe in the street doesn't see the money.
none of that new money created via qauntitative easing is in the real economy..fake money ends up in fake market.
