Originally Posted by petegz28
Because our spend happy Gov can borrow at the cheapest rates it has ever had in God knows how long!
Wall St. has been benefiting hand over fist because of these low rates.
Main St. on the other hand? Higher gas prices at the pump. Higher grocery bills at the store. Higher utility bills in the mail. Higher costs on basic materials to make things.
Not a very fair tradeoff.
If a small business takes out a line of credit at their bank, what is their payment rate based on?
Low rates will have to go up again, but it's not because that will make groceries cheaper.