Eric Basmajian says post-2008 negative real rates may reflect a structural shift, not an anomaly. The real Fed funds rate is 2.4% now, but the expansion average is still -0.8%; another negative end would reinforce that view amid high debt levels.
published
Eric Basmajian says post-2008 negative real rates may reflect a structural shift, not an anomaly. The real Fed funds rate is 2.4% now, but the expansion average is still -0.8%; another negative end would reinforce that view amid high debt levels.
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