One theory on interest rates staying low
Bill Gross, the lauded fund-manager of Pimco Funds, is a good writer. He also has consistently outperformed the market with his family of funds. Here’s his take on why interest rates are going to stay low for the forseeable 12-18 months:
http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2002/IO_03_2002.htm