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So what do we hold now?

Started by Riversider
about 16 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
Going back to the days of President Abraham Lincoln, the only reason to hold fiat currency was the old fashioned notion of earning a rate of interest above the rate of inflation, something the Fed currently prohibits c/o the ZIRP zombie NIM drip for the banking industry. Big picture, the carry trade enhancement from ZIRP is a subsidy for credit losses by banks that comes out of the pockets of savers. http://us1.institutionalriskanalytics.com/pub/iramain.asp
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