Audio content of Charles Hugh Smith | TalkMarkets
Book Author, Blogger at Of Two Minds
Contributor's Links: OfTwoMinds.com
Charles Hugh Smith, has been an independent journalist for 22 years. His weblog, OfTwoMinds.com, is a daily compendium of observations and analysis on the global economy and financial markets, as well as notable political, social and cultural trends. Charles ...more

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Manipulation = Fragility
If you lower interest rates to near-zero, the system soon needs near-zero interest rates to remain stable. Raising rates even a mere percentage point threatens to fatally disrupt the entire system.
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