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Higher interest rates would disallow for a world where so much corporate debt is out there (RTFA and Janet Yellen's quote), and thus disallow for a world where
by isoskeles 8y ago
Higher interest rates would disallow for a world where so much corporate debt is out there (RTFA and Janet Yellen's quote), and thus disallow for a world where an exploit for higher gains is to buy out insurance policies on investment instruments in companies with too much debt and attempt to force them to go bankrupt.
Sure, other problems will exist, more around the lack of easy credit.
> Small negative rates are probably required to suck some money out of the speculative economy.
Please explain, as this comment comes off as purely speculative.