"What matters is whether investors really believe that they will be stiffed. In Japan they did not, and still do not."
-- Ambrose Evans-Pritchard, here
The thing is, ZIRP has been stiffing us for quite some time now. And the dollar is down nearly 25 times since 1971 alone.
The phrase "Federal Reserve policy" has been a synonym for screwing the American taxpayer . . . since 1913.
