{"id":560,"date":"2008-10-30T17:25:03","date_gmt":"2008-10-30T17:25:03","guid":{"rendered":"http:\/\/astraea.net\/blog\/?p=560"},"modified":"2008-11-04T17:31:26","modified_gmt":"2008-11-04T17:31:26","slug":"us-interest-rates-how-low-can-you-go","status":"publish","type":"post","link":"https:\/\/www.astraea.net\/blog\/us-interest-rates-how-low-can-you-go\/","title":{"rendered":"US interest rates &#8211; how low can you go"},"content":{"rendered":"<p>Well not much lower.\u00a0 <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/7696766.stm\">US interest rates were cut from 1.5% to 1.0% today<\/a>.\u00a0 Soon they&#8217;ll be emulating Japan&#8217;s interest rate environment &#8211; hovering around 0.5%.\u00a0 And Japan&#8217;s economic reputation for the past decade or so has not been good.<\/p>\n<p>As we&#8217;ve said before, the interest rate level is not the problem.\u00a0 This reduction may act as a signal, but it will only be short term and will not reinvigorate confidence in a system which has proven to be untrustworthy.\u00a0 Moral hazard must be addressed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well not much lower.\u00a0 US interest rates were cut from 1.5% to 1.0% today.\u00a0 Soon they&#8217;ll be emulating Japan&#8217;s interest rate environment &#8211; hovering around 0.5%.\u00a0 And Japan&#8217;s economic reputation for the past decade or so has not been good. As we&#8217;ve said before, the interest rate level is not the problem.\u00a0 This reduction may &hellip;<br \/><a href=\"https:\/\/www.astraea.net\/blog\/us-interest-rates-how-low-can-you-go\/\" class=\"more-link pen_button pen_element_default pen_icon_arrow_double\">Continue reading <span class=\"screen-reader-text\">US interest rates &#8211; how low can you go<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[11],"tags":[],"class_list":["post-560","post","type-post","status-publish","format-standard","hentry","category-interest-rates-and-currencies"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-92","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/comments?post=560"}],"version-history":[{"count":0,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/560\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}