Interesting analysis on the limits of FED policy in fixing this problem.
The root of the problem was lack of regulation of the "shadow banking" system that issued "opaque" securities, which turned out to be a giant Ponzi scheme.
The prospect of negative T-Bill rates brings memory of a quote from the movie "Animal House" where Kevin Bacon's character screams at the top of his lungs:
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Interesting analysis on the limits of FED policy in fixing this problem.
Mar 26 12:08 pm
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All Comments by Just Say Whoa! »Fed Facing a 'Money Trap' [View article]
The root of the problem was lack of regulation of the "shadow banking" system that issued "opaque" securities, which turned out to be a giant Ponzi scheme.
The prospect of negative T-Bill rates brings memory of a quote from the movie "Animal House" where Kevin Bacon's character screams at the top of his lungs:
"All is well! Remain calm!"