Quote from S2007S:
Till mid 2015? Really, Im thinking more like 2020+
"The Fed also took the dramatic step of saying it expects to keep short-term interest rates unchanged even if the recovery strengthens. It also pushed out the calendar date for the expected first rate hike until mid-2015."
Quote from maxpi:
Yeah, it's unreal. The gold backed US $ was settled on as the reserve currency at Bretton Woods. Then we went off the gold standard. The perceived stability of the US $ is the new gold standard. However, nobody is buying the Treasuries of late except the Fed. Is it because we have a marxist as POTUS maybe? Is it because we deregulated and now have a third worldish financial system? Stay tuned folks, more to follow...
Quote from denner:
It's inevitable...the sad part is we have just as many delusional idiots on this board who would support this type of monetary "insanity". The same folks who never see inflation, who continue to argue that it was "the only course of action", etc, etc...
We'll see just how damaging 8 years of ZIRP has been well before 2015. "Zero sum" as in bailout of the financial institutions at all costs kills off many other sectors of this patchwork economy.