The CI CyberNews CyberPoll last week focused on interest rates. Of the total respondents, the majority (73.7%) believe that interest rates are artificially low. A smaller majority (57.9%) think that the zero interest rate will lead to inflation, and the same number (57.9%) believe that it’s time for the Fed to boost the rate.

Comments included:

“The Fed needs to get out of the way and let the interest rate adjust to what the market requires. Failure to do so is like using a new credit card to make payments on another card that you can’t make the payments on. The current situation is unsustainable.”

“With it costing $1.46 to buy a euro, the zero interest rate has already led to inflation.”

“Even though the Fed bank rate is lower that it has ever been, interest rates are set at unreasonably high levels by the bank and other money lending entities.”

“The low interest rates will eventually lead to inflation, but first we will continue to see a sustained period of deflation due to the facts that: 1) people are out of work & don’t have money to spend; 2) debts are being paid down; and 3) house values are down & mew’s are down as well—drying up a source of consumer spending. If the Fed was to boost rates now, it would put the economy into a death spiral & increase gov’t debt, as they are the biggest borrowers.”


Many thanks to all of the CI CyberNews readers who have participated in our CyberPolls! Not a CI CyberNews subscriber? Follow this link to sign up for your free subscription!