Oct 29, 2010

Tony Dwyer on the stimulative nature of low interest rates

We always forget the impact of lower rates: what caused the economic slowdown was when long-term interest rates went from 2 to 4%. Now they're back from 4% to 2.5% and that's incredibly stimulative and that means that earnings are only going to get better from here.

~Tony Dwyer, chief equity strategist, Collins Stewart, CNBC "Market Breakdown", October 25th, 2010

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