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Old 11-14-2012, 11:00 PM   #142
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Quote:
Originally Posted by petegz28 View Post
My argument is if you make the cost of living cheaper then people will have and spend more money thus offsetting any impacts to borrowing.
But paying your monthly mortgage and car payment is your cost of living. And especially businesses who are thinking about making purchases. A farmer who wants a new combine cares about interest rates and depreciation rates. A clothing store that wants to expand into the adjacent room cares about interest rates.

Quote:
We have had rates low for years and what have we seen? Increased joblessness. Increased failed businesses and a housing market that is in no better shape than it was 4-5 years ago. We have seen gas prices soar, energy prices soar and food prices soar.
We actually haven't seen increased joblessness and failed businesses. We haven't even seen soaring food prices.
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