Federal Reserve ZIRP junkies - - not to be confused with Cowboy Junkies

One recurring thought that I’ve had is that it may be possible that Ben Bernanke and the policies of the Federal Reserve are shifting the unwashed masses toward becoming rate junkies that have a baked in expectation of low interest rates. When rates return to a more normal level, they may well stop dead in their tracks on borrow and spend habits (even more than they have already). The Fed may or may not suspect what it is they are doing or causing. We see it in consumer lending – blow out loan promotions beget promotion junkies who will not borrow unless it is part of a promotional offer. It should be interesting to see over the course of the next few years.

Black eyed man he took the blame For the poisoning of the well