We are optimistic about price stability. Here’s why…
Tag Archives: interest rates
The fiscal cliff, global edition
If the economies of the world undertake $6 trillion in deficit spending for fiscal stimulus this year, what happens next year, if the stimulus is not renewed or increased?
How much cash is under your mattress?
Is it possible that low interest rates are driving deposits out of banks and into cash? If so, what does it mean for the banking system?
Why negative interest rates don’t work
A tree is growing in the forest… when do you cut it down to harvest its wood? When it dies and threatens to fall on your house.
The meaning of negative interest rates
Yields on 10-year JGBs and Bunds are approaching zero. But the meaning of near-negative interest rates is different in Japan than in Germany.