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How Long (Will Interest Rates Stay Low)?
1.6KLikes
94,522Views
2016Mar 10
Bluegrass with Merle Hazard, Alison Brown on banjo, Tammy Rogers King on fiddle, and Trey Hensley on guitar. Visit them at: http://www.merlehazard.com http://alisonbrown.com/ http://www.tammyrogers.com/ http://treyhensley.com/biography/ Available for purchase on iTunes, Amazon, and Google Play. How Long (Will Interest Rates Stay Low)? by Merle Hazard (c) 2016 Chorus 1 How long (how long) will interest rates stay low? That’s the question, the whole world wants to know How long (how long) will interest rates stay low? It seems like if they’re going up, they’re going pretty slow Verse 1 Our country’s central bank is really scared, that’s plain to see When everything is leveraged, raising rates is misery But keeping rates too low, too long, would cause us pain and sorrow There is no easy option in a land of constant borrow Chorus 2 How long (how long) will interest rates stay low? That’s the question, the whole world wants to know How long (how long) will borrowing be free? How long will we be subsidized by savers and retirees? Verse 2 Central banks around the world, not only in the States Are each at work on lengthy slumps, their countries’ tragic fates Legislatures will not spend to give sufficient boost Lower interest rates are all that’s left to get their countries juiced Chorus 3 How long (how long) will interest rates stay low? If you could predict it, you could make a lot of dough How long (how long) will interest rates stay depressed? The answer...is anybody’s guess Verse 3 Some say low rates are symptomatic, rather than the cure I have a hunch they're right. I can’t say I am sure. But recovery has been long and slow, the crisis wounds are deep So until we see inflation, money’s likely to be cheap Chorus 4 Instrumental solos Verse 4 Capital’s abundant, money’s not in short supply China holds our Treas’ry bonds, although I wonder why Start-ups happen in the cloud, few people are employed If something could push rates back up, I’d be overjoyed Chorus 5 How long (how long) will interest rates stay low? That’s the question, the whole world wants to know How long (how long) ‘til we really start to grow? Interest rates are goin’ up, but they’re go-in’...pret-ty…slow.... The song has been featured on the PBS NewsHour, in a report by Paul Solman: http://www.pbs.org/newshour/bb/how-lo...

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Merle Hazard

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