Your perception might be coloured by the miscategorization of the time before the Great Recession as a bubble. It wasn't. (See eg Kevin Erdmann's detective work on this at https://economicsdetective.com/2019/03/re-thinking-the-so-ca... )
Btw, loans going sour is a problem for the creditor, but ain't a problem for the economy, as long as total nominal spending is kept stable. See eg https://www.cato.org/cato-journal/springsummer-2019/financia...
In any case, I'm glad that my central bank doesn't mess with interest rates. So no funny business going on around 0% interest. See https://www.mas.gov.sg/monetary-policy/Singapores-Monetary-P...
Your perception might be coloured by the miscategorization of the time before the Great Recession as a bubble. It wasn't. (See eg Kevin Erdmann's detective work on this at https://economicsdetective.com/2019/03/re-thinking-the-so-ca... )
Btw, loans going sour is a problem for the creditor, but ain't a problem for the economy, as long as total nominal spending is kept stable. See eg https://www.cato.org/cato-journal/springsummer-2019/financia...
In any case, I'm glad that my central bank doesn't mess with interest rates. So no funny business going on around 0% interest. See https://www.mas.gov.sg/monetary-policy/Singapores-Monetary-P...