LOL working at what? Getting the ECB some munnie?
Fed Vice Chair Stanley Fischer says negative rates are "working more than I expected." WATCH https://t.co/H89WEacu1C pic.twitter.com/s1liZnDyPC
— Bloomberg TV (@BloombergTV) February 1, 2016Fed Vice Chair Stanley Fischer says negative rates are "working more than I expected." WATCH https://t.co/H89WEacu1C pic.twitter.com/s1liZnDyPC
— Bloomberg TV (@BloombergTV) February 1, 2016
5 comments:
He is preparing you mentally for what is coming to the US soon lol
Cognitive dissonance kicking in big time.
Better go negative in the US as well as I predicted it at work or I am going to look silly. Kalecki better be right about this 😊
OMG I hope not...
This is classic from Bill's BOJ thing this AM:
"Well, under the QQE policy, the Bank proposes to pump and additional ¥80 trillion per year into the banks’ reserve balances and then tax them 0.1 per cent into the bargain."
I'm tellin' ya they think they are broke!
So they buy a bunch of bonds and tax the reserve balances created voila! They can pay the utility bills at the CB....
Check my math is that 80B yen? equiv to $650M USDs...
@andy: We can overlook the occasional error from a dead economist, but if they ever made us look silly at work, we'd have to draw the line. :-)
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