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Commentary: Lower rates for longer mean a drastic rethink on funding
Teresa Ghilarducci
Teresa Ghilarducci
Although President Joe Biden s administration is raising hopes for a substantial stimulus package, economic forecasts are still sour.
Major banks and the International Monetary Fund are predicting slower economic growth in 2021 so that the recession that started in February 2020 is looking more likely to linger.
And even though the average American household is accumulating cash average savings rates are sky high, 12.9% in November it is more than likely this is savings from the first round of stimulus checks and not long-term savings dedicated to retirement. ....

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