|
|
Article: Curse of low rates. (Investments & Finance).(low interest rates have both good and bad points)(Column)
- Article from:
- Los Angeles Business Journal
- Article date:
- May 12, 2003
- Author:
CopyrightCOPYRIGHT 2003 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
IN a world where somebody complains about everything, low interest rates enjoy a rare exemption.
Interest rates are low all right -- as low, in many cases, as the current generation of borrowers, lenders, savers and spenders has ever seen. Rates have been low for a couple of years, since a barrage of 11 cuts by the Federal Reserve in 2001.
That's long enough for a thorough look at them from all sides. Yet we seldom see the situation portrayed in public forums as anything but a good thing. Renegotiate your mortgage! Buy a car! Float a municipal bond issue! Imagine how bad our struggling economy might have gotten if money weren't so cheap.
...