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ZIRP and QE were terrible mistakes

With US Treasury bills yielding little or nothing and government bond yields plunging everywhere as central banks creep towards a Japanese-style zero interest rate policy (Zirp), there is talk of a government bond bubble. But is it possible to have a bubble in the most boring form of IOU?

John Plender, Financial Times, January 7, 2009


Monetary policymakers have run out of room to fight the next crisis 
with interest rates unable to go lower, the BIS warns
Telegraph 28 June 2015


ZIRP and QE were terrible mistakes.

More soon.

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