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> Is there a profound insight I am missing that makes this state more unusual than it seems to me right now? EXTREMELY The European Central Bank (ECB) has bee
by gammateam 8y ago
> Is there a profound insight I am missing that makes this state more unusual than it seems to me right now?
EXTREMELY
The European Central Bank (ECB) has been buying sovereign and corporate debt, the entire yield curve, with new money with the purpose of making yields negative. This lowers interest rates in the eurozone.
This is its own comedy troupe that has nothing to do with the risk of the countries, especially the anything outside of the Eurozone and ESPECIALLY US monetary policy and the market's expectations of US debt.