Heading Towards Default, an Update on the Commercial Real Estate Outlook...
Chandan: Distortions from Fed's Low Interest Rates May Prove Toxic for Economy | by Zhi Ying Ng
CNBC writes | While the Federal Reserve has reiterated it would keep interest rates near zero until late 2014, Sam Chandan, Chief Economist at Chandan Economics, says that low interest rates distort asset prices and are "toxic" for the economy. "An extraordinarily low interest rate environment has become our drug of choice in this country," he adds.
Read the analysis at the CNBC website: cnbc.com