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<blockquote data-quote="Arado" data-source="post: 1231248" data-attributes="member: 308">Interest rates are abnormally low given the current levels of unemployment.&nbsp; Look over the last few decades of interest rates.&nbsp; [img=630x360]<a href="https://upload.wikimedia.org/wikipedia/commons/6/6f/Federal_funds_rate_history_and_recessions.jpg[/img]" target="_blank">https://upload.wikimedia.org/wikipedia/commons/6/6f/Federal_funds_rate_history_and_recessions.jpg[/img]</a>We go up a tiny nudge and there are rumors of the President wanting to fire the Fed Chief.&nbsp; That is madness.&nbsp; The mistake was keeping them near zero for so long.&nbsp; If the economy can't handle a less than 1% real interest rate (accounting for inflation) then it's further proof that this entire recovery has been built on a house of cards and funny money.&nbsp; Savers have been getting the shaft in order to let corporations, the government, and irresponsible consumers go on a debt binge for the last decade.&nbsp; The party has to end at some point.&nbsp; The longer we delay the more pain we will have in the future as an even bigger debt bubble bursts.Not to mention that without higher rates then the Fed has less room to maneuver when the recession hits.</blockquote>

[QUOTE="Arado, post: 1231248, member: 308"] Interest rates are abnormally low given the current levels of unemployment. Look over the last few decades of interest rates. [img=630x360][URL]https://upload.wikimedia.org/wikipedia/commons/6/6f/Federal_funds_rate_history_and_recessions.jpg[/img][/URL] We go up a tiny nudge and there are rumors of the President wanting to fire the Fed Chief. That is madness. The mistake was keeping them near zero for so long. If the economy can't handle a less than 1% real interest rate (accounting for inflation) then it's further proof that this entire recovery has been built on a house of cards and funny money. Savers have been getting the shaft in order to let corporations, the government, and irresponsible consumers go on a debt binge for the last decade. The party has to end at some point. The longer we delay the more pain we will have in the future as an even bigger debt bubble bursts. Not to mention that without higher rates then the Fed has less room to maneuver when the recession hits. [/QUOTE]

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