Eddie Larry Wrote:
> I think that the Fed will be in the rate lowering
> mode for quite some time Kris. Given the rapid
> aging of the world population and a concomitant
> flight to safety, rates can go much lower. IMO.
I don't understand your logic here. Lower rates are generally bad for older people, who are more reliant on interest for at least a major part of their income. Also, it was the low rates that were ruining the banking business and driving major banks like Wells Fargo to invent accounts and otherwise maneuver people into spending money they didn't want to spend.
Do you know the current rate? I think it's 2.25 percent at the moment. Not very high at all, and so not much room before going back into "negative interest" (also called "quantitative easing").