I took macro and micro econ, but I am clueless about why this would be a bad thing.
I guess I would have to be an econ major to figure it out...lol
Well, my guess is, to some lendors, this is a bad thing, because this means loans will be nowhere near as profitable for them, and for sub-prime lenders, this could be even worse, because as normal rates stay low, even theirs will start to feel the effects of this.
This econ major says that it is NOT a bad thing. It is a GOOD thing for the economy. People have a better opportunity for the Good Life when rates are low. When rates are high they are telling you that a major problem exists generally high inflation rates or lack of capital for investment.