An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
#Brexit vote means #Fed ambitions for two rate rises this year have been placed on hold https://t.co/LUgbnsu2iY pic.twitter.com/SAvkXkdpwT— The Straits Times (@STcom) June 24, 2016
#Brexit vote means #Fed ambitions for two rate rises this year have been placed on hold https://t.co/LUgbnsu2iY pic.twitter.com/SAvkXkdpwT
There will "never" be a raise (not any time soon at least), they will always find an excuse to not do it...There is a higher chance of NIRP than rising rates, just give it some time.
Its looking increasingly so and permanent QE .... this is bad policy...
To an orthodox economist, Brexit isn't a political reaction to orthodoxy's flavor of "economics" but is a plain-vanilla "shock." And interest rate policies are the tool of choice for dealing with shocks. In six months time, they can tell you exactly how much "worse" the shock would have been were it not for their interest rate policy. *cough* Cranky old things... economists are joke *cough*
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