“The idea that zero lower bound is the logical limit of how low rates can go has been thrown out of the door”, says Tim Price, Director at PFP Wealth Management, as we discuss QE, interest rates and ‘Trumponomics’ in today’s Tip TV Finance Show, along with Zak Mir, Technical Analyst at Zak’s Traders Cafe.
Key Quotes
“If you cut rates you support the economy, but if -1% does not work….-2% will, is the thinking at central banks….”
“Trump playing much to blue collar working class and disgruntled people, and playing to fear of not having job etc. It suggests that anti austerity is going to be the theme of the moment going forward. US election feels like a re-run of the Brexit vote.”