Yes, the low interest rates we had for years meant basically free money for all these companies in addition to the low car loan and mortgage rates that the rest of us benefitted from. Interest rates being low was a tool used to pull us out of the recession but nobody had the balls to raise them back when things turned around because you can’t win elections by forcing people to take their medicine.
Yes, the low interest rates we had for years meant basically free money for all these companies in addition to the low car loan and mortgage rates that the rest of us benefitted from. Interest rates being low was a tool used to pull us out of the recession but nobody had the balls to raise them back when things turned around because you can’t win elections by forcing people to take their medicine.