Negative energy prices. Consequence partly of negative real interest rates. http://www.dallasnews.com/business/energy/20160405-what-do-texas-and-california-have-in-common-negative-power-caused-by-renewables-glut.ece …
@bswud and I think we’re on roughly the same page re cycle theory overall…
-
-
@bswud Your February 13, 2015 post is about short rates only. The goal of QE is CBs found ZIRP was not expanding productive investment… -
@bswud …so with QE they control long rates as well. That has greatly increased overall credit, but mostly not productive investment… - 27 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.