Rubino Exposes The Central Planners: Desperate Acts By Clueless People

“As with so much of New Age monetary policy, this sounds like a fairly benign technical tweak – until you remember that interest rates, as the price of credit, actually have a crucial role in the functioning of a capitalist economy. The movements of long and short rates, both in absolute terms and in relationship to each other, tell businesses whether, where and how to allocate capital. Freeze the yield curve in place and the signal goes dark. Investors are left flying blind, with two results:

https://www.zerohedge.com/economics/rubino-exposes-central-planners-desperate-acts-clueless-people