Friday, September 18, 2015

More ZIRP from the Federal Reserve surprises exactly no one

The Fed made their decision because it has boxed itself in with this failed program of artificially propping up Wall Street, and knows full well that with the stagnating world economic picture, turmoil in Syria that is about to rock the foundation of Europe, the quite noticeable volatility of our stock market, and events taking place in China, Japan and elsewhere, they could not risk raising interest rates… yet.

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