Welcome to the Currency War, Part 16: Interest Rates Go Negative
This morning the European Central Bank tried something different. As Bloomberg reported: Draghi Takes ECB Deposit Rate Negative in Historic MoveThe European Central Bank cut
This morning the European Central Bank tried something different. As Bloomberg reported: Draghi Takes ECB Deposit Rate Negative in Historic MoveThe European Central Bank cut
For the past couple of years the European Central Bank has been the only sane inmate in the asylum. Unfortunately, in a crazy world being
Only in a world totally corrupted by easy money could the following two things be announced on the same day. First: European Bonds Surge as
Based on the past few weeks’ stock market action, Japan’s decision to flood the world with yen looks like a raging success. It’s not of
The people buying bonds issued by Italy and Spain are clearly looking past the dysfunctional balance sheets and focusing on Germany’s reluctance to let a
The Eurozone’s descent into chaos is starting to get repetitive — though with each iteration the numbers do get scarier. Back in 2010, for instance,
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