Polish Central Bank Joins 2015 Rate Cutting Party Ep. 58

Published: March 5, 2015, 2:38 a.m.

b"
\\n\\t* Poland became the 21st country to lower interest rates this year
\\n\\t* New record low to 1.5%
\\n\\t* Polish economy is strongest in three years
\\n\\t* Growing faster than the U.S. economy
\\n\\t* Policy conundrum: what is inflation target?
\\n\\t* Low inflation stimulating Polish economy
\\n\\t* Yet Central Bankers look to illogical Keynesian textbooks
\\n\\t* Where is the evidence that deflation is undermining the economy?
\\n\\t* There is no magical point where a good thing becomes a bad thing
\\n\\t* If they overcompensate and weaken the economy, they will be raising interest rates on an already weak economy
\\n\\t* Poland could afford to raise rates, however, if this policy fails, because their debt is low
\\n\\t* U.S. debt is so high, we can't afford to raise rates in order to support the dollar
\\n\\t* When inflation picks up in the world and other central banks raise rates, the dollar will decline
\\n\\t* The Fed will be unable to curb inflation because we can't afford to service our debt
\\n\\t* Ultimately this will precipitate a currency crisis when it becomes apparent that the Fed has run out of options
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