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the major engines of growth for our economy for decades. Sure, fixed income assets need some kind of decent return, but 6% is far too high since the interest rates on loans that go along with that push 9% and price people out of credit.
If we want to boost the long term economic growth rate of this country, it is important people have singificant amounts of money in the equity and credit markets, otherwise it is too expensive for businesses to raise capital to finance investment. Traditional prime lending rates are far too high in the environment you advocate to spur economic growth.
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