Community Banker: Annual Average Federal Fund Rate 2013 0.11
What is the ten year rate? About 2.5%.
What is the compounded one year rate for ten years? 1.1%
OK, query me this. Why do economist think that Congress is getting low rates? Why is it not a slam dunk instant profit for Congress to cut the fuck out of the budget and buy every ten year bond using tax payer money?
Why do Keynesians go through an enormous fraud to convince us to pay usury rates? Why are they too damn stupid to see this as a straight shot profit of 1.4%?
What's the problem, I want to hear the actual reason.
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