Sunday, March 18, 2018

Not zero bound

But the rate  seems too high already. The growth rate being a bit under 2%, the short safe rate should be no more than three fourths of that, maybe 1.5.    Our safe rate includes a rollover premium.  Interest charges now growing faster than taxes.  It is all about that 82 yard can kick, nearing goal posts with smaller error margin. I still entertain the notion we might just score.

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