- Joined
- Sep 3, 2012
- Messages
- 82
A view with some entertainment thrown-in.
BTW, I think the irrationality of low interest rates must eventually end. However, I also subscribe to the notion that politicians and bankers will attempt to push that decision as far down the road until they can`t. This is more palatable than normalizing rates right now thus pushing the over-leveraged households off the cliff. Unfortunately, it will create boat-loads of inflation in hard assets and staple necessities. People on fixed income and savers will be crushed in the process. We just might see violent runs on supermarkets before this is over.
I need a drink!
BTW, I think the irrationality of low interest rates must eventually end. However, I also subscribe to the notion that politicians and bankers will attempt to push that decision as far down the road until they can`t. This is more palatable than normalizing rates right now thus pushing the over-leveraged households off the cliff. Unfortunately, it will create boat-loads of inflation in hard assets and staple necessities. People on fixed income and savers will be crushed in the process. We just might see violent runs on supermarkets before this is over.
I need a drink!