Low Interest Rates: The Latest Sign Of A Stalled Recovery

10/16/2010 05:12 am ET | Updated May 25, 2011
  • FLOYD NORRIS nytimes.com

As 2010 began, there was nearly unanimous agreement in financial circles on at least one thing: Interest rates were sure to rise during the year.

Quite to the contrary. As Labor Day approaches, interest rates have collapsed, plunging along with economic optimism.

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