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Subject:  Re: Demographic Long Term Recesion in the Offing Date:  11/16/2012  10:20 AM
Author:  ascenzm Number:  655464 of 876381

Older people are more likely to avoid purchases of houses, cars, and other pricey items that the Fed is trying to encourage with record-low interest rates.


I pay cash for all purchases (credit card balances are paid in full when the bill is due) so low interest rates to borrow mean nothing to me. I did not go out and boost my spending when the Fed lowered the interest rates.

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