Everywhere I look I see articles and talking heads suggest the U.S. economy is full speed ahead and doing great. But, at the same time, suggesting that even the most modest of interest rate increases by the Federal Reserve could derail the markets and economy.
Given the immense debt that been accrued across pretty much every sector (governments, corporations, student loan, auto, home, credit card, etc..); I tend to agree that this entire booming economy is based on low interest rates and debt and can't possibly be sustainable.
So, what the heck am I missing? Shouldn't we all be saving and paying down debt instead of continually deficit spending? Aren't the few savers left getting screwed by these artificially low interest rates? Isn't a "healthy" economy one that balances saving and investment and can thrive in a normal interest rate environment?
Sure, some of our fund/etf investments have done great over the past few years; but, when I look at the data I feel like I'm playing a casino game where I have to get out before the bubble bursts instead of investing in something with a solid foundation.
I'd love to hear insight from those that are feeling the same way or those that can provide a different perspective?
Given the immense debt that been accrued across pretty much every sector (governments, corporations, student loan, auto, home, credit card, etc..); I tend to agree that this entire booming economy is based on low interest rates and debt and can't possibly be sustainable.
So, what the heck am I missing? Shouldn't we all be saving and paying down debt instead of continually deficit spending? Aren't the few savers left getting screwed by these artificially low interest rates? Isn't a "healthy" economy one that balances saving and investment and can thrive in a normal interest rate environment?
Sure, some of our fund/etf investments have done great over the past few years; but, when I look at the data I feel like I'm playing a casino game where I have to get out before the bubble bursts instead of investing in something with a solid foundation.
I'd love to hear insight from those that are feeling the same way or those that can provide a different perspective?