NIRP Absurdity Soars to New Heights.
Among the goodies, “reverse Yankee” landmines.
“A hostile landscape.”
“Negative interest expense” or some such absurdity yet to be coined.
And the Bitter Irony?
Meanwhile, exports collapse at fastest rate since 2009.
“It would be fatal if citizens got the impression that cash is gradually taken away from them”: Bundesbank President Weidmann.
It simply doesn’t let up.
A banking crisis radiating out from Europe?
And there’s a bitter irony.