[dragonwriter]

> This is why we are screwed: we've been expanding the fractional ratio for 60 years and it's finally starting to matter as the U.S. economy slows and stops growing fast enough to paper it over.

If the above was the problem, then the below wouldn't matter:

> There is no exit. The Fed cannot raise rates.

Because the Fed wouldn't be considering raising rates. If the US economy is growing too slowly, the Fed generally seeks to lower rates, not raise them.