[quote=EconProf]For five years economists, and politicians, have said real growth would return, and thus inflation, and thus higher interest rates. We are now giving up on that scenario.[/quote]

What about the fed? Do you see signs that they are giving up on this too? From what I’m hearing the fed is still very much on track with their belief that growth will pick up, QE will be stopped and after a while interest rates will be raised. Are you saying you think the fed is also giving up on this scenario? If so, can you cite some evidence to confirm this?