And Now for Something Completely Different; Some Recommended Reading with Perspective on U.S. Economic and Financial Conditions
In 5,000 years of recorded history, there isn’t another known instance of negative interest rates. Now we’ve got about $13 trillion of securities with negative interest rates around the world. So far, that hasn’t happened in the United States, but don’t assume it won’t when we finally get a recession. Money is a commodity. It […]