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Danielle DiMartino Booth: A Banking Panic Makes The Fed’s Job More Difficult
Forward Guidance
The New Normal Going Forward Is Living at the Zero Bound
I'm in the camp that hopes that the Fed can thread the needle and maintain a tight stance. I've been saying publicly for months that the level of interest rates is no longer relevant. zero is why in 2020, the non banking sector was $220 trillion worldwide. Zero is why the conventional banking system at the same time was $180 trillion globally. Speculation will never be risk and reward again if we continue to live at the zero bound.
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