BoatShoes;1638859 wrote:\
Low interest rates harm the rentier class.
This is why it's hard to have discussions with you "like a reasonable person". You make ridiculous statements/claims, then spam us with charts that you think supports your point but usally doesn't (and often actually repeats it).
Like where in hell do you get the idea that interest rates are linked to rental rates (instead of, I don't know, supply & demand)? Knowing how interest rates affect property values, it really has nothing to do with renters.
Rental rates are usually also linked to property values. Property values have a somewhat inverse relationship with interest rates - people can buy more house with lower rates, and that bids prices up. So, actually, it's likely to be the case that lower interest rates RAISE rents because inflated home prices mean the landlord will have to charge a higher rent.
And, ummmm, interest income for seniors is only $255/mo? Gee, is that not $500/mo lower than it would be under normal interest rates? The reason 4/5 of their dollars comes from SS is you took away 1/4 of their dollars away with your artificially low interest rates that have accomplished very little except to inflate bank balance sheets....again, this is an odd case of a liberal supporting Keynesian economics when the results/impact would otherwise enrage him.
We're pretty much at the limits of monetary stimulus and the fiscal stimulus was a waste. Even Krugman doesn't pound his Keysian fist half as much as you do. Deficits are still 2-3X higher than normal and you think the govt isn't spending enough money?