Negative interest rate policies elsewhere hit US Treasury yields.
References to 2009 & the Global Financial Crisis keep popping up in the reports because that’s how bad it has gotten.
“Speculators are losing faith.”
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.