Re: Number 9! Ninth altcoin thread. Back to the moon Baby!
⭐ Merited by vapourminer (1)
Phil looks like banks are trying a new twist?
I went to the link it is nuts it states 45% of the worlds bonds are negative interest rates!!
https://finance.yahoo.com/news/negative-interest-rates-japan-germany-france-150324580.html
"... Exactly how big is the negative rates universe now? According to Deutsche Banks Slok, theres some $15 trillion of negative yielding bonds in the world (out of a total of some $115 trillion), up from zero five years ago. All German government bonds are negative yielding now. And if you exclude the U.S., some 45% of the worlds bonds have negative yields. So not chicken feed. ..."
Damn that is fucked up.
I pulled/quoted some of the article under the link
https://www.yahoo.com/finance/news/negative-interest-rates-japan-germany-france-150324580.html
"What if I said I wanted to borrow $100 from you and pay you back $99 five years later? Would you do it?
Hell no!
And yet this is exactly whats happening right now in the banking systems of Japan, Germany, France, and other European countries.
Negative interest rates where the lender gets paid back less than theyve loaned now add up to 30%, (and counting), of the global tradable bond universe, according to JPMorgan (JPM). You may have seen for instance that Germany just sold the first negative yielding 30-year bond issue.
In case youre wondering, yes, this is crazy.
Its really unusual and really distorting the global financial system, says Torsten Slok, chief economist at Deutsche Bank Securities (DB). I spend all my time talking about it.
This is not going to end well
Negative rates are counterintuitive, unprecedented and to my mind mind-bendingly insane and downright scary. They are like a parallel universe where everything youve ever learned about finance and human behavior is turned upside down. ..."
Note I was amazed to read this new twist on reality.
Can you imagine buying a negative yielding 30-year bond issue?
I can't but germany did
wtf?
https://www.yahoo.com/finance/news/negative-interest-rates-japan-germany-france-150324580.html
"What if I said I wanted to borrow $100 from you and pay you back $99 five years later? Would you do it?
Hell no!
And yet this is exactly whats happening right now in the banking systems of Japan, Germany, France, and other European countries.
Negative interest rates where the lender gets paid back less than theyve loaned now add up to 30%, (and counting), of the global tradable bond universe, according to JPMorgan (JPM). You may have seen for instance that Germany just sold the first negative yielding 30-year bond issue.
In case youre wondering, yes, this is crazy.
Its really unusual and really distorting the global financial system, says Torsten Slok, chief economist at Deutsche Bank Securities (DB). I spend all my time talking about it.
This is not going to end well
Negative rates are counterintuitive, unprecedented and to my mind mind-bendingly insane and downright scary. They are like a parallel universe where everything youve ever learned about finance and human behavior is turned upside down. ..."
Note I was amazed to read this new twist on reality.
Can you imagine buying a negative yielding 30-year bond issue?
I can't but germany did
wtf?I went to the link it is nuts it states 45% of the worlds bonds are negative interest rates!!
https://finance.yahoo.com/news/negative-interest-rates-japan-germany-france-150324580.html
"... Exactly how big is the negative rates universe now? According to Deutsche Banks Slok, theres some $15 trillion of negative yielding bonds in the world (out of a total of some $115 trillion), up from zero five years ago. All German government bonds are negative yielding now. And if you exclude the U.S., some 45% of the worlds bonds have negative yields. So not chicken feed. ..."
Damn that is fucked up.