Ходжа Н. (hojja_nusreddin) wrote,
Ходжа Н.
hojja_nusreddin

The Draghi Derangement: $2 Trillion Euro Government Bonds Trading At Negative Yield

That investors anywhere in this age of fiscal profligacy would pay to own the notes and bonds of sovereign states is a testament to the financial deformations of modern central banking.
But the fact that nearly $2 trillion of debt issued by European governments is currently trading at negative yields —— now that’s a flat-out derangement.
After all, the aging, sclerotic economies of the EU have been making a bee line toward fiscal insolvency for most of the last decade.

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http://davidstockmanscontracorner.com/draghi/
Tags: банкстеры, деньги, долг, европа
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