Quote from Ricter:
http://finance.yahoo.com/echarts?s=...osshair=on;ohlcvalues=0;logscale=off;source=;
Edit: ugh. Sec....
Doesnt this chart show you what a fucking train wreck the fed/keynesian economics has been?
Rates have went nowhere but down for the last 20 years, and the fed has decimated the dollar in the process, continuing to make the bubble bigger and bigger, and never accepting the fact that we need asset prices to deflate, at the same time, our standard of living has gotten worse and worse and worse.
Where do you think rates go next? We cant go past zero, until the government actually starts paying us money to shovel all that useless dog shit paper out of the vault. Rates have nowhere to go but up at this point, and asset prices have nowhere to go but down, the fed has no ammo left, except to keep rates at zero, which the market has already adjusted for.