Pensions - Public and Private

[David Horn]

(10-10-2016, 06:19 PM)Ragnarök_62 Wrote: Rags blames QE for a lot of this because QE fucks up returns on bonds and causes "risk on" behavior.   Rags hates QE because it fucks with his IRA returns.  Hopefully folks in large voting block states like California and Illinois will see the light and conclude QE is fucking up their IRA's and their state finances.

Before Shinzo Abe, Japan had even worse results without QE: negative rates.  The problem is lack of growth and the low rate of inflation it creates.  We have a new economic model emerging, but no one knows what to do with it yet.  We can try a heavy handed application of Keynesian stimulus one more time.  What's to lose at this point.