Zero Hedge: 12 Reasons Why Negative Rates Will Devastate The World
It has been a thesis over 20 years in the making, but with every passing day, SocGen's Albert Edwards - who first coined the term "Ice Age" to describe the state of the world in which every debt issue ends up with a negative yield as capital markets and economies collapse into a deflationary singularity - is that much closer to having the victory lap of a lifetime. Although, we doubt he is happy about it.
Commenting on the interest rate collapse he has been (correctly) predicting ever since he first observed Japan's great bubble bust of the 1980s and which resulted in both NIRP and QE, and which he (correctly) expected would spread across the rest of the world, leading to a "Japanification" of every major bond market.
Read more ....
WNU Editor: In Denmark you can now have a negative mortgage rate .... A Danish bank is offering mortgages with negative interest rates — why you shouldn’t wish for that to happen in the U.S. (Market Watch). I do not know how long such a rate is sustainable, but that has become a trend line that most countries around the world are pursuing.
