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Hey everyone, the new Issue of the Financial Intelligence Report is up, and in this one we dive into the lunacy that is indeed "negative interest rates." Is it possible that here in the US we might one day see negative rates? It's not only possible, it's coming.
Not many know that there is already 12 TRILLION dollars globally that is posted at negative interest. This abomination, this monetary VooDoo is a disaster of epic proportions. Yet we're on the path toward having them right here.
In the Market commentary, we chat about the Feds punting on cutting rates, and ponder the Trump/Xi meeting at the G20. It's all good reading and like always, it's free.