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  • 7 years ago
Gleacher Head of Rates Russ Certo Discusses Capital Transfer, ZIRP's $400B (or 2% of GDP) Downside,

Gleacher Head of Rates Russ Certo Discusses Capital Transfer, ZIRP's $400B (or 2% of GDP) Downside,

Gleacher and Company managing director and head of rates Russell Certo: "What I'm trying to tell you is that $400 billion of income, give or take, is being sucked out of the economy through extended low interest rates for an extended period of time, and this is a departure from the historical rate structure that we used to live in."

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