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The Implications of Hitting the Hard 0% Interest Rate Floor
- kylebenzle 7y agoRunaway inflation is coming. Mass unemployment is coming. We wasted the decade of growth on pumping up the equity markets to make the rich richer and ignored schools, hospitals and infrastructure. All this was an inevitable consequence of giving away unlimited free money to the wealthy.
- erikig 7y agoThe bigger risk is probably a huge deflationary spiral given the huge decline in demand caused by consumers not engaging in the economy.
- erikig 7y agoI don't understand finance and economics as well as I'd like but it is always refreshing to read Ray Dalio's views mostly because of his focus on the long term but also because of his proven track record on these things.