Low interest rates provide boost to auto loan business

Low interest rates provide boost to auto loan business
Record-low interest rates have propped up a slow-to-recover housing industry. Even lower rates are helping the auto finance industry surge, as many firms see exponential growth and consumers get great deals. Many drivers who have been riding out the …
Read more on Minneapolis Star Tribune

George Hohmann: Low interest rates hurt seniors
CHARLESTON, W.Va. — Ultra-low interest rates are hurting senior citizens who depend on interest generated by their nest egg to help pay for necessities. In the mid-1990s, one senior citizen I know received about 7.8 percent on a long-term certificate …
Read more on Charleston Gazette

The effects of negative interest rates
Negative interest rates already exist here in the U.S., if you go buy Treasury inflation-protected securities, says Marketplace Economics correspondent Chris Farrell. These protect you from any future increase in the Consumer Price Index, but that …
Read more on Marketplace.org

Higher Interest Rates as a Job-Creation Strategy
Economies may need higher interest rates to break free from the risks of a jobless recovery. Cutting rates to nearly zero may not be the right policy because it pushes economic actors to expect deflation, which in turn means that real wages are too …
Read more on Wall Street Journal (blog)

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