Tag Archives: negative yields
The Beginning of the End for the European Union
The European Central Bank initiated a new mass money debasement scheme yesterday. If you recall, this involves buying €60 billion ($66 billion) a month of European government bonds. Somehow this is supposed to improve the economy. No doubt, the European … Continue reading
Posted in MN Gordon, Politics
Tagged euro, european central bank, monetizing debt, negative yields, quantitative easing
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