The new problem we now face arises from the fact that huge deficits are only manageable so long as interest rates remain very, very low.
Original Article: The Federal Reserve is Running Losses. Does This Cost Anyone Anything?
The new problem we now face arises from the fact that huge deficits are only manageable so long as interest rates remain very, very low.
Original Article: The Federal Reserve is Running Losses. Does This Cost Anyone Anything?
