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Reminder, someone at the Fed thought negative rates in 2015 and 2016 were appropriate: https://marketrealist.imgix.net/uploads/2015/09/Sep-dot-plot.1.jpg https

Reminder, someone at the Fed thought negative rates in 2015 and 2016 were appropriate: https://marketrealist.imgix.net/uploads/2015/09/Sep-dot-plot.1.jpg https://marketrealist.imgix.net/uploads/2015/09/Sep-dot-plot... I'm not saying it was Yellen... But it was Yellen. If they were looking to shock-and-awe this market, talking hike and then going negative would do it. I have no idea what is going to happen.

zerstroyer 11y ago
Well negative interest rates could be appropriate for negative economic growth. So if we never allow for negative interest rates we never allow for negative economic growth. But if we ever want to achieve singularity, we have to allow our economy to shrink to (zero).