Monetary Madness At Work: ECB Policy Drives Two-Year Bund To Negative Yield

Central bank money madness continues, with market participants expecting QE to begin in Europe.Would QE spur bank lending? Of course not. Banks do not lend from excess reserves. Banks lend (provided they are not capital impaired), when credit-worthy bo...
To access this post, you must purchase Monthly Subscription, Quarterly Subscription or Annual Subscription.