J.P. Morgan economist Michael Feroli recently predicted that the Fed will probably slash interest rates to 0% to stave off deflation and that would in effect make it "free" to borrow money.
I am no economist but that seems illogical to me. If someone is willing or able to explain how that would truly benefit the country, I am all ears.
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With the current economy, lenders are benders (bending over backwards!)You would be surprised at how many low APR loans, bailout's, and other grants that everyone is missing out on right now.
Bailout Assistance for Everyone
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