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The interest rate in question here is probably the long-term rate, which is unlikely to go to 0. That would indicate a wide-spread belief that interest rates w
by thedufer 12y ago
The interest rate in question here is probably the long-term rate, which is unlikely to go to 0. That would indicate a wide-spread belief that interest rates will remain at 0 for the foreseeable future, in addition to current interest rates being at 0. It's difficult to imagine a situation in which this would be true.
- toomuchtodo 12y ago> It's difficult to imagine a situation in which this would be true. Japan.
- thedufer 12y agoAll the data I can find points to their long-term prime rate sitting at ~1.1%. Yeah, that's low, but it's also pretty clearly non-zero.
- deleted 12y ago[deleted]