3 Reasons The Economic Recovery Will Be Long And Slow
Recently, the Federal Reserve confirmed a widely expected shift in monetary policy that will result in near-zero interest rates for the foreseeable future. From their perspective, this stance is justified based on evidence that the U.S. economic recovery will be long, slow, and halting. A full recovery won't come until government safety measures are lifted, and those will likely remain (in some areas, at least) until a vaccine is discovered and distributed. Small business destruction and job losses will not be quickly and easily remedied, and an output gap is projected to persist throughout the decade. Real assets with strong cash flows are extremely attractive in this environment.
Seekingalpha · 08/31 17:51