"So the fed has been easy for a long time and is going to stay that way, fueling the economy to big gains...lets pretend that happens anyway...well so inflation kicks in a little and ol' ag being afraid to get agressive, he raises a 1/4 and another 1/4..and the old silly bastard chases inflation all the way up to 5% and gets rates to 7+ or higher. Banks will have a helluva time dealing with this..actually they won't deal with it, they'll collapse"
That's why rates will remain low for years to come.
Sure, the fed may raise rate 1 point over the course of a couple years or so, but not anything drastic.
AG was late cutting rates in 91'. He over tightened in the late 90's, to 2000.
He f**ks with the rates too much.
I hope he isn't stupid enough to raise the rates like he did in the late 90's (and I don't think he is. I like to think he learned a lesson).
