Archive for September, 2007

The Downsides of the Lower Interest Rate

Ben Bernanke lowered the rate by 0.50% last week. It’s been great to see my stock portfolio substantially recover as a result. By lowering the rate, Bernanke reduced the cost of credit. But, I’m not entirely happy about the move. What are the downsides to the lower interest rate?
 As I have mentioned in the past, [...]

Posted on September 23, 2007 at 10:59 pm by adampowell · Permalink · Comments
In: General, Savings Accounts