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2 comments
celestialfix
2017-06-26 at 22:52 (UTC 2) Link to this comment
It's interest rate normalization Peter, not tightening; not yet. What do these guys want? ZIRP forever?
Yvan Roy
2017-06-27 at 03:17 (UTC 2) Link to this comment
After ZIRP the only way to get to normalization is to tighten, no? I mean, you can't get there by heading south with yet more loosening. The politicians would sure love that, just like in Japan.