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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John McCarthy who wrote (89469)	10/30/2008 7:22:13 PM
From: mishedlo	1 Recommendation Read Replies (1) \| Respond to of 116555

ZIRP Coming To Fed? globaleconomicanalysis.blogspot.com The Fed did not want to cut the Fed Funds Rate below 2%. And because Congress recently granted authority for the Fed to pay interest on reserves, Bernanke thought incorrectly that he could keep rates above 2%. So much for that academic theory. Now many are wondering if ZIRP (Zero Interest Rate Policy) is coming to the Fed. ... Mish