Matt Phillips


Matt Phillips writes about finance, markets and economics. He worked at The Wall Street Journal for seven years, most recently covering the aftermath of the Great Recession and the relentless descent of U.S. interest rates. Other descents he covered at the Journal include the January 2009 splashdown of U.S. Airways Flight 1549 into the Hudson River and Hillary Clinton’s bid for the Democratic presidential nomination in 2008. Matt caught the markets bug as lead writer for the Journal’s MarketBeat blog, which he helped turn into one of the most heavily trafficked web properties at the Journal. He spends much of his time trying to force bankers, traders and economists to speak comprehensible English.

I told you so.

Million dollar homes are under construction on a hillside above Silver Creek Valley Country Club in San Jose, Calif., Tuesday, Oct. 15, 1996. The Silicon Valley area is seeing a boom in housing sales.  (AP Photo/Scott Anger)

Hate to say it. But I told you so. We’re nigh on 10 years since the Federal Reserve cut interest rates to near zero, trying…

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