More specifically, reliable records of interest rates start about 3,000 years ago. We have *never* in all of this recorded human history seen interest rates as low -- indeed negative! -- as they are today.https://twitter.com/maxkeiser/status/1161000868784877570 …
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It may be nearing the end of the long road of ending itself.
I should point out, though, that at least a few negative interest rate folks have some very ambitious plans for extending the journey even further into unknown territory, in the form of "deeply negative" interest rates and extreme anti-cash measures.
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Bond market thinks they go even lower. Dec bond skew 30 tics to the call
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I don't recommend shorting anything a central bank might buy in a fiat currency. The central banks can keep conjuring fiat out of thin air to buy bonds (etc.) far far longer than anybody else can remain solvent.
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Thought Japanese monetary policy was cuckoo for decades. It’s unreal to think of of these kinds of fees on cash without the veil of bank secrecy. Curious if US residents can get paid to take out a 30y mortgage soon. How do you value equities with riskfree rates like this? Madness
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These people don't understand what happens when people lose confidence in a currency(and other institutions), and confidence can evaporate incredibly fast. Look at Hong Kong; there's a limit, when crossed, where people radically change the way they look at things.
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which brings us to the point that rates and riots are connected. global turmoil is in an uptrend.
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in the form of modern monetary theory and a cashless society?
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what do you mean by "anti-cash measures"?
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As I understand, the IMF wants to decouple physical cash from digital money, run them as parallel currencies, and also implement deeply negative rates on them both. Effectively, you pay the bank to hold your money, but loose just as much if you hold it yourself.
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