zero-interest

ZIRP or ZAP? Will the Fed’s ‘Zero-Interest Rate Policy’ Return, and Will It Work?

Authored by Charles Hugh-Smith via oftwominds, Only the wealthy will benefit from ZIRP, and the benefits of “the wealth effect” and “trickle down” have not just diminished–they’re now negative. Welcome to the era of ZAP. Correspondent Scott suggested I consider the possibility that the powers that be will respond to a weakening of the economy by pushing …

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Democrats want to give zero-interest home loans to Illegal Aliens.

A California Democratic assemblymember’s new bill states that an individual’s immigration status can’t disqualify an applicant from the program Joaquin Arambula, a Democratic assemblyman from California, introduced Assembly Bill 1840 earlier this year, which could create an alternative way for illegal immigrants to achieve homeownership. The bill is set to expand eligibility criteria for a …

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