“The Fed Blinks,” blares a headline in an investment strategy piece from Bank of America Merrill Lynch today, one that takes the tone that the Fed catered to those on Wall Street who were warning of a threat to the main street economy if the Fed lifted rates. BAML: Interest rates “lowest in 5,000 years” at depression levels As short term interest rates are the “lowest in 5,000 years,” running at the zero level not seen since the Great Depression in 1930, a BAML piece from Chief Investment Strategist Michael Hartnett along with Investment Strategists Brian Leung and Garrett Roche notes…
BAML Says "Fed Blinks"; Lowest Interest Rates In 5,000 Years
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.