Awesome post on rate cuts! The fact that the Fed didn't have to cut rates due to a slowdown is a good thing. If we can have a historically average savings rate while unemployment remains low and growth remains solid, keep the rates near where they are. We got so used to low rates we don't realize we're near norms.
The only thing that worries me is government spending and commercial real estate loans. If tax revenues and cuts can reduce the deficit and employment can make up for government subsidies, while banks don't fold under commercial defaults, I think we're in great shape. Personally I'm happy as equities rise and my savings gives me good returns.
Awesome post on rate cuts! The fact that the Fed didn't have to cut rates due to a slowdown is a good thing. If we can have a historically average savings rate while unemployment remains low and growth remains solid, keep the rates near where they are. We got so used to low rates we don't realize we're near norms.
The only thing that worries me is government spending and commercial real estate loans. If tax revenues and cuts can reduce the deficit and employment can make up for government subsidies, while banks don't fold under commercial defaults, I think we're in great shape. Personally I'm happy as equities rise and my savings gives me good returns.