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Politics : View from the Center and Left

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To: JohnM who wrote (142374)	8/11/2010 1:42:34 PM
From: Steve Lokness	Read Replies (2) of 541248

, this started with the claim that government borrowing would send rates soaring, crowding out private investment, and that this would abort the recovery. Oh gosh. Interest rates are dismal because the fed keeps flooding the world with dollars - thanks helicopter Ben. Coupled that with lack of demand..........because we are all looking out for our own self interest and are deleveraging. Krugman needs to stop over analyzing and remember supply vrs demand. (lots and lots and LOTS of money and very little demand). .....The long term consequence is that at some point creditors will demand more interest and interest rates will rise. Just like any ponzi scheme that works great - until it doesn't. Or as Ben Steins Daddy said, ...."if something can't go on forever, it won't". Interest rates won't drop forever because they can't. As interest rates near zero, people will bury their money in cans - or buy gold and bullets with it. Well, that's just my take on it.

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