The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Giordano Bruno who wrote (124725)	5/22/2008 12:49:45 PM
From: Jim McMannis	Read Replies (1) of 306849

How Low Interest Rates Fueled the Housing Bubble But Can't Stop the Bust (May 21, 2008) oftwominds.com The standard propaganda is that low interest rates are wonderful because business can expand cheaply, hiring more well-paid workers, Mom can bake more apple pies and it's Morning in America, blah blah blah. The truth is low interest rates have had a horrendously pernicious effect on the finances of the U.S., as illustrated in this chart:

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