Deutsche Bank Lashes Out
Because of quantitative easing programs and negative interest rates are hurting the bottom line, a wounded Deutsche Bank has lashed out at central banks. Europe’s largest bank is openly defying central bank policy and demanding an end to easy money. Good luck with that.
Mechanics of NIRP
From the U.S. Treasury having to modify how they sell bonds to bank profitability, negative interest rates in the U.S. would present a challenging environment. It is possible that cash vault holdings would increase or that special banks could be formed to store physical currency. Either that, or mattress sales will explode.
According to Citi Bank strategists, the global economy seems trapped in a “death spiral” that could lead to further weakness in oil prices, recession and a serious equity bear market. In short, they are admitting the global…
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