The Fed managed to “rescue” the economy after the financial crisis, but in the process, it created an even bigger bubble than the one that popped in ’08. This bubble is about to burst and the Fed will try to repeat the process. The difference is this time it won’t work, as Peter explains. He added: “We’re going to have a deep recession with rising interest rates and this whole thing is going to come imploding down.”Read More
There is no evidence negative rates produce a stronger economy or lower unemployment. There is evidence banks are hurt.
Negative interest rates unquestionably hurt EU banks and there is no evidence of Lagarde’s proposed counter-benefits. A European banking crisis awaits.