While we were taking the kids to after-school activities, waiting in line at Starbucks, and...

|By:, SA News Editor

While we were taking the kids to after-school activities, waiting in line at Starbucks, and watching reality TV, America became Japan. The group at Credit Suisse points out next week marks the 3rd anniversary of the Fed's ZIRP.  Fed Funds futures 2 years out show rates only 23 bps higher than now, thus pricing in at least another 2 years of the policy.