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Rather, low interest rates, an export boom and a business environment in which managers are scarcely accountable to shareholders may have generated too much of the stuff.
Savings and money-market accounts can generally be liquidated or withdrawn at any time, although they tend to have rather low interest rates.
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In a side note, Bernanke said the housing bubble was a result credit inflow, rather than low interest rates.
This constantly rising demand, plus low interest rates, rather than just the persistent failure to build enough homes, is the fundamental driver behind rising real house prices.
Rather than taking advantage of low interest rates and spare resources to rebuild much needed- infrastructure, the UK government and its predecessor did the opposite.
Economists from across the ideological spectrum have criticized his decision to let the nation's real estate market continue to boom with cheap credit, courtesy of low interest rates, rather than snuffing out price increases with higher rates.
We see businesses creating unnecessary complexity while collecting unnecessarily low interest rates rather than utilizing a strategy that may help improve their cash management.
Rohrabacher, who voted for cuts in NIST funding earlier this month, said he might accept a compromise if the agency's rules were changed so its money could be lent to companies at low interest rates rather than granted to them outright.
Rather, it is today's unusually low interest rates.
And is it increasingly part of the problem rather than the solution?" Despite record low interest rates in many industrialized countries, Rajan pointed out, the over-all level of demand remains depressed, and in some places savings rates have actually risen, which runs counter to the theory that ultra-low rates stimulate spending.
It didn't happen in a vacuum but rather because of the Fed's low interest rates, congressional policies tilted towards home ownership, and A.I.G.'s (and others') lack of reserves caused both by the New York Department of Insurance not classifying credit default swaps as insurance contracts in 2000 and by executives not taking prudence.
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