“At low interest rates, many investments that didn’t make sense at higher interest rates should now make sense,” he said.
“This is especially so for investments with long-term payoffs, because future returns no longer need to be discounted as highly. This means that low interest rates give us the opportunity to lengthen our horizons and think about projects with really long-term payoffs.”
Why does the flattest continent on the planet not have bullet trains ?
Perhaps the "government" fears their construction, the resulting world class tourist industry, and the surpluses bullet trains filled with international and local travel customers would contribute instantly to the economy.
Has there ever been a better time to invest in the present, the medium term and the future in this way? (Apart from the current new lows in "government" imagination?).
Our surpluses and deficits are real. For the politicians, it's an idea they don't have to explain. A plausible lie.
Friedthemburgers. Do and say what we tell you to do or we will find someone else who will.
RBA boss. Yes sir master sir. I want to keep my job.