Re: interest rates...
in response to
by
posted on
Nov 10, 2009 01:15PM
"Any incrtease in the rates of interest at this point will jeopartize recovery, we would stsart at square one once more."
They need to balance both sides of the situation.
We haven't started at square one yet, and that is what is needed to flush out the mess.
There is a massive mess that needs to minimally start to flush...
They've held the rates so low for so long, that thought alone is adding suspense as to why?
Starting the move will make both borrowers and savers pay attention....I know what it's like to see rates start to move up as a borrower.....you make up your frigging mind fast.
doni