January 25, 2013|Joe Light, The Wall Street Journal For the past five years, the Federal Reserve has pushed down the interest rates on traditionally safe assets such as Treasury bonds to near record lows, in hopes of sparking the economy....
Pundits have been predicting the rise of inflation for some time now, arguing that interest rates are so low that “they have nowhere to go but up.” The reality, however, has been the opposite and real interest rates have reflected...