Central Bankers are ignoring the failure of Negative Interest Rates.
By Christine Hughes, Chief Investment Strategist at OtterWood Capital:
Central Bankers are willfully ignoring signs that negative interest rates are not working, explains Christine Hughes in the video. As yields fall to the floor, people have to save more to make up for the lack of interest income they’d been counting on. Bank stocks loathe negative rates, and banks are actively looking for other options. In the end, she says, negative rates will bring on a banking crisis. Excellent brief video on the NIRP absurdity:
Friday was also the Worst Day for Italian and Spanish stocks, which plunged over 12%. And banks were massacred. Read… Brexit Blowback Hits Italian and Spanish Banks