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Zero Interest Rate Policy. Describes the US Federal Reserve interest rates for much of the last 20 years or so. Since interest rate to borrow is near zero, inve
by jdougan 3y ago
Zero Interest Rate Policy. Describes the US Federal Reserve interest rates for much of the last 20 years or so. Since interest rate to borrow is near zero, investing in very marginal businesses can be profitable.
- ajkjk 3y agoOh right. I just didn't know the acronym (and for some reason felt like asking instead of looking it up. Weird.)