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Low interest rates benefit individuals or investors who own or want to buy assets; in that regard, they disproportionately benefit wealthier Americans.
When interest rates are high you want the average direction in which interest rates are moving to be downward; when interest rates are low you want the average direction to be upward.
We do not attract Russian money to Luxembourg with high interest rates.
Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages.
Let's get one thing straight: No one wants Stafford loan interest rates to increase.
After the accession to the euro zone, interest rates declined substantially in Portugal.
Nobody likes high interest rates.
And so the danger for the housing industry is if we see interest rates rise.
The big question is: When will the term structure of interest rates change? That's the question to be worried about.
