- Jun 7, 2021
- Kubota B3200, L2550, Ingersoll 7020, 2 walk behind Gravely's and a Yanmar Vi0-45 mini-ex
Federal debt is $27 trillion. A 1% rise in interest rates will cost the Fed Govt (taxpayer) $270,000,000,000. The Federal Reserve will keep interest rates low because otherwise, the Federal deficit, already an astounding amount to contemplate, will increase astronomically. Why do we think the Fed Govt can continue to borrow without repercussions ? Anyway, to answer HappyOne's question - so long as interest rates are low (for sure in the intermediate term), companies, which can borrow at the lowest rates (prime), will avail of that (essentially) no cost asset, in order to pass on to their customer, in the most profitable manner. If that means 0% financing, then it'll be available next year.