Trouble Abrewing; This Time It Is Different
Meanwhile, the Fed Funds Rate and the 1-Year Treasury Yield have been bouncing along the zero boundary since late 2008. In the past 40 years, we’ve never seen the Fed Funds Rate and the 1-Year Treasury Yield effectively at zero for such an extended time, and the National Financial Conditions Index moving decisively higher.
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Source: http://charleshughsmith.blogspot.com/2015/07/trouble-abrewing-this-time-it-is.html
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