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 Your February 13, 2015 post is about short rates only. The goal of QE is CBs found ZIRP was not expanding productive investment…
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@bswud …so with QE they control long rates as well. That has greatly increased overall credit, but mostly not productive investment… -
@bswud Looks like the next CB move of desperation will be to buy IG corporates and eventually equity shares directly, but that won’t work if - 26 more replies
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