Norway central banks cuts rates to 1.00%, won't be long till a central banks are at ZERO.
I mentioned this before....central banks are cutting rates left and right...at least 1-2 central banks every month are cutting rates..Korea just cut rates last week...everyone needs to pay attention to this as it shows how weak global markets are and how every central bank is following in the footsteps of what the fed is doing her in the US.....the world is now addicted to cheap rates and worthless money....all central banks will bring rates down to 0%....and guess what happens after 0%? Negative rates...everyone is saying this isn't possible ..well the only way out of the next crisis will be Negative interest rates and that's where yellen and friends are headed...do you actually believe they are going to raise rates...this economy can't handle even a 1% fed fund rate....and if they were to raise rates to 1%-2% by 2017 one simple recession would knock rates right back to 0%...that's why the fed has zero credibility ....the entire world will be in a Zero interest rate environment with plenty of stimulus to go around....the fed has gotten this completely wrong....but this will only be shown when the next crisis comes...