This economy is an abortion. Interest rates should have been raised after a bank clearing out period in 2008 meaning to take the pain for a long term sustainable future. They took the easy options. Interest rates are too low. They should never be below 3% except in an emergency which suggests the recovery is a mirage. Plus these low rates are terrible for insurers and others like that. It is a bailout of the irresponsible and if you have a mortgage you cannot afford then I have little sympathy. Debt is a mugs game.
Originally Posted by Kirkland Laing