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The race to zero
Thursday, December 18, 2008
From Global Crisis Resists Central-Bank Moves($) in today's WSJ. So far, we're winning...
The Hong Kong Monetary Authority lowered its short-term lending rate from 1.5 percent to just 0.5 percent yesterday, joining the U.S., Switzerland, and Japan as the only major central banks with rates below one percent.
2 comments:
Japan just cut rates to 0.1 percent!!
America can not accept 2nd place, behind Japan's insane short term lending rates.
Let's go for 0.0%..
Who's with me?
(Chant) U-S-A.. U-S-A.. U-S-A.
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