Negative interest rates, helicopter money trigger Clash of Titans.
“A hostile landscape.”
If “punishment interest exceeds the pain threshold….”
The unintended consequences of NIRP.
The government’s strange and awesome powers.
Fed clueless how to unscramble omelet, fears “outsized market reaction.” Other central banks keep adding to omelet. Absurdity reigns.
“Social cohesion is at risk.”
The Fed’s “No Banker Left Behind” Program.
Bitter ironies are piling up – with very crummy consequences.
“Here’s when US equity and bond markets will change direction: when investors come to fear the next Fed-talk.”