Bernanke Details Evolution of Fed Policy - WSJ.com
There was an interesting article in this week's Barrons that highlighted that low interest rates also encourage banks not to lend (risk adjusted) but rather to buy government bonds (let alone what can be said of the bane of Basel II and III).
Surprisingly (or not) this was omitted from the above article and one assumes Bernanke's discussion.
Thus, as often happens, the law of unintended consequences finds less lending from attempts to skew the yield curve and to print money.
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