Saturday, November 21, 2015

Global financial crap

Negative rates??

That means if I borrow from you, you have to pay me extra?

That doesn't make any sense at all!

http://kingworldnews.com/david-stockman-this-will-scare-the-world-to-death/
http://www.bloomberg.com/news/articles/2015-10-22/the-great-negative-rates-experiment

Even if you dress it up all fancy and complex, at the very fundamental level it still doesn't make any sense at all!

I suppose it arises from adopting the totally silly concept of buying debt...

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