Thursday, May 17, 2012

More ECB unconventional easing may be needed: IMF

How much lower can you move interest rates?? Last time I looked, a 30 year home loan could be had for just under 3.8%. That's just AMAZING! I can remember when consumers were getting about that rate on their passbook savings accounts. Now you're lucky to get 1% on a money market account. There's only so much easing reserve banks can do. It's not that far above FREE now.

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