Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6640756328526598144
What level of #interest #rates is required to incentivize you to risk the death of yourself and your family? Lower rates don’t help in this situation at all. If #demand is destroyed by people bunkering down at home for weeks, and #supply chains being disrupted, all lower borrowing costs can do is help tide businesses over if banks agree to extend #loans and credit cards. All that does is paint us further into the corner we are already in, because those #rates won’t be able to rise again.
"What level of interest rates is required to incentivize you to risk the death of yourself and your family?" one strategist asked.
