•Fed's Yellen Says Rates May Stay Near Zero for Years, Recession `Serious'

[ByLoSellHi]

Long-term, targeted 0% interest rate policy is informally known as the 'Greenspan Shuffle.'

You try to keep the pieces together, hoping to shuffle out before the SHTF.

It's kinda' late for that this time around.

 

[scriabinop23]

Quote from ByLoSellHi:

Dennis Kneale is getting reamed by the online financial community.

He is universally hated and that hate is well placed.

He's just a TV personality (entertainer) for heaven's sake. No-one that matters cares (to hate) what comes out of Kneale's mouth.

 

[scriabinop23]

Quote from ByLoSellHi:

Long-term, targeted 0% interest rate policy is informally known as the 'Greenspan Shuffle.'

You try to keep the pieces together, hoping to shuffle out before the SHTF.

It's kinda' late for that this time around.

Not until the price level (wages included) is decidedly higher, where real debt burdens are meaningfully reduced [driving up marginal consumption propensity), will we have a solution which allows Fed to walk away from zirp.

 

[drsteph]

Quote from scriabinop23:

Not until the price level (wages included) is decidedly higher, where real debt burdens are meaningfully reduced [driving up marginal consumption propensity), will we have a solution which allows Fed to walk away from zirp.

Ah. You are referring to the proverbial 'cold day in hell' then unless we have massive inflation.