No. of Recommendations: 6
Why clueless?

Could it be that Greenie is not clueless but putting politics first? If interest rates are looked at as the cost to barrow money then they are determined by supply and demand. The Fed and banks create the supply. The private and public sectors create the demand. Interest rates are low because the supply of money has been growing at a much faster rate then demand for money. The Fed's own data demonstrates this: pages 13 and 14 at

Guess Greenie doesn't read for many people have described how unprecedented public and private spending has created excessive demand for cheap Asian goods. The Asians have not in turn used that money to purchase what we produce, which would in kind have stimulate our economy, but instead purchased our bonds which caused and increase in the price of those bonds which lowers the interest rate. It is very sad to see a man with his power and responsibility fake ignorance.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.