Quote:
Originally Posted by JeremyD
They won't go to zero, then they won't have anywhere to move.
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What you talkin bout, Willis? If they have any balls, they'd drop rates to -4%, so Prime goes to minus 1%. In Soviet America, loan pay you.
The problem isn't liquidity, but solvency. Lower rates do not fix bad debt, particularly as the collateral is falling in value.