Low Rate Disease

"You're the disease, and I'm the cure."
--Lt Marion 'Cobra' Cobretti (Cobra)

As Bill Gross observes, low interest rates (when they have been forced lower) are not the cure. They are part of the problem.

Perhaps THE problem.

Lower saving, capital misallocation, market distortions, wealth transfer, widening divide between rich and poor, heightened moral hazard.

Most people will be unable to grasp just how badly market landscapes have been damaged until unnatural forces exit the system.