That was certainly the case in the 1990–2008 period. (1/4) 
Throughout the long-term debt cycle, from 1945 until 2008, whenever the Federal Reserve wanted the economy to pick up it would lower interest rates and make money and credit more available, which would increase stock and bond prices and increase demand. (2/4)
That was how it was done until 2008—i.e., interest rates were cut, and debts were increased faster than incomes to create unsustainable bubbles. That changed when the bubble burst in 2008 and interest rates hit 0 percent for the first time since the Great Depression. (3/4)
For the complete picture of how things work and where we are, my new book, Principles for Dealing with the Changing World Order, is now available: amazon.com/Changing-World… (4/4)
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