Johnnyvee said:Interesting little article on the possible "new" economics of the new decade.
"...The latest in the IMF papers argue that tools are available to allow central banks to create deep negative rates whenever needed to reverse recessions…"
I wonder what will happen to gold and maybe bitcoin if this becomes a widely used Government tool. Looks more and more like Soviet central planning if you ask me!
Think of it as desperate measures. They probably had some smart people do the predictions and ran some models. All of them probably showed absolute chaos financially because of the vast quantities of injected money and debt fuelled by natural human greed and stupidity.
I dont know how negative rates and reverse a recession because that is unknown territory, even for the experts. You're just trying to push the can down the road and not solve the real problems themselves.