Monetary Malpractice Continues

Now I'm towing my car
There's a hole in the roof
My possessions are causing me suspicion
But there's no proof
--Crowded House

Real Fed Funds Rate continues its record run below zero--now at 120 months (10 yrs) and counting. Previous record: 39 months. This is monetary malpractice writ large.

Real rates have been negative for so long that it has become the norm, meaning that once things start breaking as rates inevitably rise back toward long term averages (and above), people will cry for a return to 'normal.'