Quote:
Originally Posted by fintstone
Raising debt by artificially keeping the interest rates near zero for 8 years was no more a good idea than raising too much, too fast to try to "pay it back". ....
The increase was so much so fast that people were starting to lose homes in droves again to foreclosure in some areas.
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The rates should have risen much sooner, and faster after the housing debacle....
Low interest, variable APR has allowed another credit driven mess....5 yr furniture, 7 yr auto, ...
We're not even back to "neutral" on rates...and that 4T BS forever is just that
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