This guy should be working at the federal reserve.
Go negative interest rates next crisis and I guess the obvious solution is to increase negative rates more in the crisis after that. Maybe he figures he will be dead before problems arise or he is just lacking common sense.
http://www.telegraph.co.uk/business/...top-economist/
Anyway good news for stocks and real estate prices but bad news for yields. No point in saving anymore if this is what the top minds on the planet are thinking. Good for the price of gold I guess as currency becomes a liability as you have to pay for having it. Those 1-2% yields on rental houses aren't looking too silly now.