Eric Rosengren president of the Federal Reserve Bank of Boston recently spoke in Concord New Hampshire at a Chamber of Commerce event. The Boston market has seen a growing demand for investment property, specifically commercial real estate. An opinion expressed at the event was that a higher demand for investments such as commercial real estate may be creating an “excessive risk taking”. Debt has remained low for a long time and an over demand may be creating an over speculation is the commercial real estate market. My question to you is, are low interest rates encouraging investors to take excessive risks?