Remember the rhetoric about The Federal Reserve using low interest rate policies to stimulate investment? Was it correct? Or did The Fed read the wrong book?
So now the USA has staggering levels of debt with historic low interest rates.
But corporations are letting their assets age rather than using low interest rates to purchase new assets.
Combine that with the
Apparently, Bernanke, Yellen and Powell read from the wrong book.
Here is Fed Chair Powell holding his “boomstick.”