Comments by "life is a carnival" (@lifeisacarnival1359) on "CNN"
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@Pyladin Where do you see the word "all" in my comment? Many economists would say that overall the stock market has been inflated by cheap money borrowed at low interest rates. As one example of many, if Caterpillar is doing so well and the stock is worth what it's selling for, why have Caterpillar executives borrowed BILLIONS over the past few years to push up the value of the stock and increase their bonuses? Why has Apple done $283 billion in stock buybacks in the past five years? To make earnings look better than they really are? Nah. No company would ever do that.
If you think the interest rates of the last few years have not been artificially low, you must be very young. Zero interest rates are not normal in any economy, and much of the global economy, not just the economy in the US, has been surviving on low interest rates and borrowed money-debt- for decades.
Low interest rates have been a major factor in keeping the US economy, and the stock market afloat. Low rates have also encouraged consumer overspending, which is one of the reasons inflation is so high. Over spending = more debt.
It's a sad joke how this country, and so many others, and so many consumers, have come to believe that crushing debt is part of existence. Bankruptcy lawyers are doing very well, and will continue to. Last thing, and it also has to do with unsustainable debt: another reason the Federal govt. has been reluctant for the Fed to increase interest rates is the huge and ever growing national debt. It wont be too many more years before the interest alone on the debt exceeds GDP. No country can survive under that scenario.
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