BBG: “The Fed looks likely to keep short-term interest rates near zero for five years”

BBG: "The Fed looks likely to keep short-term interest rates near zero for five years"@steveliesman / @MelissaLeeCNBC These rates are spawning a doom loop. Takes 5x more to save for retirement w/ rates at 1% vs 5% avg of prior 100 yrs. Low rates spawn debt/asset bubbles, too👇 pic.twitter.com/N8Ma0LuRJP

— M/I_Investments (@MI_Investments) August 26, 2020

#Trapped Spiraling $1.5-$2T / yr deficits every year forward. GDP only grew ~2% or less for prior 11 yrs even w/ 0% rates/$1T/yr avg deficits. The orgy of debt the past 20 yrs (+ subsequent wealth transfer to the Top 10%) has huge consequences on Bottom 90%. #Savings #Retirement pic.twitter.com/qwbeC6MVkA

— M/I_Investments (@MI_Investments) August 26, 2020

Kenosha will be the first of many unrests that the Federal Reserve not only spawned through decades of reckless monetary policy, but will use as cover to print more and gaslight the masses into buying stocks. Civil War but All-Time Highs. Well done Bernanke, Yellen and Powell.

— Brad Huston (@BradHuston) August 26, 2020