Relevant:
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- Fed Undertakes QE3 With $40 Billion Monthly MBS Purchases
- Bill Gross worried that central banks will lead world into recession
2013-10-03 — zerohedge.com
`` "the last time the U.S. economy was this highly levered (early 1940s) it took over 25 years of 10-year Treasury rates averaging 3% less than nominal GDP to accomplish a "beautiful deleveraging." That would place the 10-year Treasury at close to 1% and the policy rate at 25 basis points until sometime around 2035!''
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