Of undefined illusion
Those diamond dreams
They can't disguise the truth
Nice comment here. Despite clearing recession nearly nine years ago, monetary policy remains at recessionary levels.
What's wrong with this picture?When the US expansion hits 9 years in June 2018 the market is expecting a Fed Funds rate of 1.50-1.75%. That is below the Fed Funds Rate at the time of the Lehman bankruptcy (2.00%) when the US economy was in the midst of its worst recession since the Great Depression.— Charlie Bilello (@charliebilello) January 5, 2018