Interest Rate
A slowdown in growth and inflation is putting pressure on Asia's export-dependent economies to cut interest rates. While that would rein in their strong currencies and help exports, economists warn that lower rates might add more fuel to an already sharp acceleration in debt levels.
posted by audrey` at
12:00
1 Comments:
We have terribly low interest rates here in the U.S. and they are doing all you speak of. The "Fed" sets them low to stimulate the economy but yes, that does increase debt. The bad part is for the /us seniors who have a hard time living on puny interest on their savings and so must deplete their principal much faster . When savings are depleted welfare is next.
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