Posts Tagged ‘Joachim Gauk’

Notes From Underground: Three Negatives Can’t Make A Positive

July 9, 2012
Today in Europe the short-term BILL RATES in Germany, Netherlands and France all had NEGATIVE YIELDS. Think about the meaning of this: The hunger for quality sovereign paper has even driven the FRENCH SHORT RATES negative. (ABSURD as Jean-Claude Trichet might opine.) Again, QUANTITATIVE EASING and the FEAR of non-quality collateral has rendered the BOND MARKETS of the DEVELOPED ECONOMIES MEANINGLESS.
(more…)