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JPMorgan Unveils The “Bogey” For NIRP In The US
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden / 02/08/2016 10:33
Ever since early 2015, we have repeated that with the world caught in a negative rate “race to the bottom”, which even S&P now admits, it is inevitable that the US will join the rest of the DM central banks, especially after the flawed and much delayed attempt to hike rates into what is at least a quasi recession.
Now, with sellside chatter that it is only a matter of time before the Fed will likewise join the fray despite stern warnings by the likes of Deutsche Bank that more easing will only exacerbate conditions for global financial firms, JPM’s Michael Feroli has set the “bogey” or the catalyst for what will be needed for the Fed to finally admit defeat and go not only back to zero but below it.
The post JPMorgan Unveils The “Bogey” For NIRP In The US appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/08/jpmorgan-unveils-the-bogey-for-nirp-in-the-us-2/
