Posted: 7 years ago Quote
Have you got any experience? <a href=" http://btz-media.com/portfolio/looknphil/ ">200mg viagra</a>  Think about it this way: there is a nominal zero lower bound on rates. But there is a way for policymakers to be more accommodative than simply setting rates at zero: they can switch from &#8220;rates are at zero for the time being&#8221; to &#8220;rates will stay at zero for the foreseeable&#8221;. The markets don&#8217;t like taking words at face value, however: they want to see the Fed putting its money where its mouth is. As a result, when the Fed starts saying that it&#8217;s going to taper, the market sees rates rising again.