Guide to Planet ZIRP : Bernanke submits a chapter Posted on December 19, 2008 by John Ashcroft "Welcome to planet ZIRP. Unfortunately, we do not have a handbook, or fully understand the terrain. Our process of quantative easing, the plan to helicopter money may work but as a fire fighting option, it may be like dropping water … Read More
Nouriel Roubini – policy on planet ZIRP Posted on December 17, 2008 by John Ashcroft Nouriel Roubini succinctly outlines the policy options on Planet ZIRP. (Oasis adage not included). "When traditional monetary policy is less effective, non-traditional policy tools aimed at generating greater liquidity and credit via quantitative easing and direct central bank purchases of … Read More
Guide to planet ZIRP – comments and contributions welcome Posted on December 17, 2008 by John Ashcroft "Welcome to planet ZIRP. Unfortunately, we do not have a handbook, or fully understand the terrain. Our process of quantative easing, the plan to helicopter money may work but as a fire fighting option, it may be like dropping water … Read More
Fed sets zero band rate – welcome to planet ZIRP Posted on December 17, 2008 by John Ashcroft The Federal Open Market Committee established a target range for the federal funds rate of 0 to 0.25 percent. We are moving to planet ZIRP. (Zero interest rate policy). “Since the Committee's last meeting, labor market conditions have deteriorated, and … Read More
