Ultra low rates remove the Fed’s ability to play with the market much.
To me, as a business major, that’s bad because they can no longer act like a regulator between depression and boom.
That’s essentially what Japan has done forever and it’s failed there and it’ll put us on a similar path.
I guess they don't teach the Plunge Protection Team in College.
Ask the Professor if he knows anything about the ESF.
http://www.youtube.com/watch?v=2ssrcD5GdPQ&feature=related