How to make a mess in the era of low demand.
Interest rates don’t have to be negative to make a mess in the era of “Secular Stagnation.”
Now they’re clamoring for this NIRP absurdity in the US. How will this end?
Now they’re clamoring for the NIRP absurdity in the US. How will this end?
12 countries with negative 10-year yields. A race to hell.
Bitter irony: As Draghi’s term is about to end, investor expectations plunge to where they’d been when he made his “whatever it takes” speech in 2012.
In the US alone, it impacts nearly $40 trillion — with consequences for the real economy.
Murk everywhere. There isn’t even an agreement what “leveraged loans” are. No, banks are not off the hook. That was wrong too. They hold 57% of these instruments, the Bank of England found.
Just when European banks need to inspire confidence more than ever.
$30 trillion of assets globally are held by similar open-ended funds.