Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Does The Rate Plunge Just Recut The Same Size Pie?


Readers Report

DOES THE RATE PLUNGE JUST RECUT THE SAME-SIZE PIE?

You state in "A big bang for borrowers" (Top of The News, Mar. 15) that "the dropoff in [interest] rates could add almost $100 billion to the economy," apparently implying that otherwise, banks and other lenders would stuff the money down a rat hole. So far as I know, only the federal government does that. Otherwise, it would seem to me that somebody's interest expense is somebody else's interest income.

Arno F. Glimn

Northridge, Calif.

Editor's note: The figure referred solely to homebuilding and other new economic activity spurred by lower rates.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus