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In the world according to the WSJ, low taxes are good (unless the people involved are low income lucky duckies), regulation bad, low inflation good, low interest rates bad, strong dollar good — and don't ask why.
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We hear a lot about the good effect of low interest rates: a typical mortgage now costs £1,000 per year.
At the same time, banks have benefited from unusually good trading results and low interest rates, which have propped up the value of their mortgage investments.
Despite this, Mark Grice, head of insurance at the accountants Mazars, said: "This is a good result given the low interest rate and premium rate environment.
Good collateral should mean low interest rates, so you stand to save interest costs if your stock portfolio can be used to back a mortgage on a vacation home.
Despite the economic good times and comparatively low interest rates, auto companies are getting no respect from the fixed-income markets, meaning that there are bargains to be had.
Good benefits may include low interest, promotional interest rates, no annual fee, no bank service charges, air travel bonus miles, credit points toward purchases, credit points toward long-distance phone calls, or credit points for gasoline.
Regardless however, China has become the alternative destination of much of African export products and relatively cheap manufacturing and industrial products for import, which has in turn provided a good amount of loans at low interest rates as well as invested in many infrastructural projects such as road construction, dams, railways and stadiums.
"There's a lot going on, but at the same time we have good employment levels and historically low interest rates," he said.
By emphasising low interest rates (good for indebted companies but bad for savers) and low wages (ditto) to help companies out of their mess, Japan's economy has depended too much on exports and is now worryingly vulnerable to external shocks.Politicians complain about firms' tendency to hoard cash, and urge firms to pay workers more.
Last year, after their last child left for college, the couple bought their dream apartment at a good price, taking advantage of low interest rates.
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