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Tough call with real interest rates at zero or negative. The Fed has created a bond market bubble to replace the last couple that popped. They mean well, not w
by T_S_ 16y ago
Tough call with real interest rates at zero or negative.
The Fed has created a bond market bubble to replace the last couple that popped. They mean well, not wanting Mom to default on her upside-down, floating rate mortgage. But they are not doing us any favors in the long run by threatening the value of money.