Tuesday, February 2, 2016

This is the end: Bonds and Treasuries are already pricing in a Fed move into negative rates

Over the past week, respectable economists Nomi Prins and David Stockman did interviews where they unequivocally stated that THIS IS THE END, and that the Fed will very soon join Japan in instituting negative interest rates.  The result will be a boon to banks and corporations that have debt on their balance sheets, but will be a thief for anyone holding dollars in a bank or savings account.

Nomi Prins interview

David Stockman Interview

And perhaps we can also add a little music from The Doors.


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