The Fed continues to ‘revise downward’ their outlook for economic growth potential within our economy…

Therefore, it appears that we will experience historically low rates for an extended term.

Yet, the big IF in this equation comes from the potential inflationary pressures of the money supply build up - will those pressures flare up…

With expectations for low levels of change in the GDP, M velocity should not become an issue in the inflationary pressures analysis…at this juncture at least!

Based upon this recent prognostication, it appears that we can extend asset structure at these lower rates for a bit longer!

It appears that at least one Fed president has a handle on what is going on!

“I believe that were we to go down the path to further accommodation at this juncture, we would not simply be pushing on a string but would be viewed as an accomplice to the mischief that has become synonymous with Washington,” Fisher said in a speech at the University of St. Andrews in Scotland.

“There is a growing sense that we are unwittingly, or worse, deliberately, monetizing the wayward ways of Congress,” said Fisher, 63. He said investors are concerned the Fed has “already expanded its balance sheet to its stretching point.”

Fisher Cites Marketplace ‘Fear’ About Fed Balance Sheet
http://www.bloomberg.com/news/2012-06-05/fisher-cites-marketplace-fear-about-fed-balance-sheet.html