Author Topic: How The Hand Wringing Left Tries To Scare Us  (Read 760 times)

Online supsalemgr

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How The Hand Wringing Left Tries To Scare Us
« on: April 10, 2019, 06:52:59 AM »
https://www.cnbc.com/2019/04/10/americans-have-lost-500-billion-in-interest-after-financial-crisis.html

This a perfect example of how the MSM and left look for the worst side of a situation. Yes, saving rates are low. However, this quote inside the article also reflects the benefits of low interest rates:

“Savers are still paying due to the financial crisis,” said Mayo. “It’s absolutely a wealth transfer from prudent savers to the borrowers and risk takers.”

Just exactly who are these borrowers and risk takers? They are everyday folks and job creators. I can speak from experience that low interest rates are far more beneficial than high interest rates. I wonder what the young generation would think about 18%-20" mortgage interest rates many of us experienced in the 1970's?

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