Different name but same style.
Japan reacted to a huge downturn to their economy by cutting interest rates and printing inflation, all which contributed to their EXTREME national debt.
Now the Feds have announced that record low interest rates, which started dropping in 2008 and are now near zero, are going to continue until 2013 at least.
So we’re half way to Japan but this will get us through the elections. Right?
We know who to thank but will we remember?
Musings on the Fed’s Payday Loans
April 19, 2011This is the U.S. borrowing from the Feds to pay off a previous loan akin to rolling over a payday loan.
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