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The Doom of the System

Summary:
Last Thursday, the Federal Reserve signaled that interest rates would stay near zero until 2024. But, apparently, that won’t suffice, according to one money manager besotted with monetary Kool-Aid: “The Fed said it would keep rates low for ages. But that’s not enough,” said James Athey, senior investment manager at Aberdeen Standard Investments. “Not taking away […]

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Last Thursday, the Federal Reserve signaled that interest rates would stay near zero until 2024. But, apparently, that won’t suffice, according to one money manager besotted with monetary Kool-Aid: “The Fed said it would keep rates low for ages. But that’s not enough,” said James Athey, senior investment manager at Aberdeen Standard Investments. “Not taking away […]
David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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