Interest rate could stay at bottom for years until housing market turn around.
Fed could put as much as treasuries, MBSs, CDOs on its balance sheet to keep the housing price afloat.
High interest rate means US paying 高利贷 to China, Japan, Britan, etc. US is the most powerful country on earth now, 一手胡萝卜一手大棒，让US付高利贷不是笑话吗？
Treasuries are the only risk free investment on earth. it is only after inflation and housing price go up in 201x), treasury rates will then eventurally go up (say 201x+1).
See the logic here?
