The long term impact of low rates

Mr White starts by observing what just about everyone in the world – with the notable exception of the current Fed chairman – acknowledges, that the Fed’s easy money policy after the dotcom debacle resulted in reckless credit expansion, the inflation of housing bubbles around the world and the appearance of an overly leveraged and opaque shadow banking system.

Financial times_9 Sept2012.pdf

Financial times_9 Sept2012
Posted by williamw in Press, References