What!! Negative and zero rates prompt people to save more? Inconceivable!
Here is a direct video link.
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Japan shocker: Negative rates spur saving not spending
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Gross: QE ‘off the deep end’ and intelligent investors know system broken
Refreshingly candid comments in these segments…
Bill Gross, Janus Capital Management fund manager, comments on systemic risk. Here is a direct video link.
Bill Gross, Janus Capital Management fund manager, comments on BOJ policy. Here is a direct video link.
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Former Fed Fisher laments market’s drug addiction
Another former central banker now warning that asset market declines are in order as the QE pump ‘n dump completes. Poor central bankers, they have made market participants into a pack of mindless crack addicts and now they are annoyed with the insatiable depths of the addiction…Oh, but do keep using a bit longer, he adds…
An interest rate hike will surely cause market pain, but the Federal Reserve should get it over with, former Dallas Fed President Richard Fisher said Wednesday.
“I would be prepared when they move — and I hope they move some time in June — there’ll be a settling in of the market place. There will be a correction. Suck it up. Deal with it. That’s reality,” he told CNBC’s “Squawk on the Street.” Here is a direct video link.
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