Lower interest rates encourage people to take more risks, in general. There is little question about this.
By taking short-term interest rates to zero, which I had no objection to, the federal reserve “forced” me to find better ways to allocate my cash.
Take a look at Marcus, my “high-yield” savings accounts. I wasn’t exactly doing backflips when this was yielding 2%, but it was enough for me…
By taking short-term interest rates to zero, which I had no objection to, the federal reserve “forced” me to find better ways to allocate my cash.
Take a look at Marcus, my “high-yield” savings accounts. I wasn’t exactly doing backflips when this was yielding 2%, but it was enough for me…
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