The Bank of Japan and the ECB are assisting me in teaching the world's savers, banking clients and corporations about the benefits of blockchain-based finance for the masses. How? Today, the Wall Street Journal published "Negative Rates: How One Swiss Bank Learned to Live in a Subzero World":
It’s a fun conceit of science fiction to contemplate the existence of alternative universes.
As Bloomberg's Richard Breslow points out, when you think they exist in the same time and place, it leaves the realm of the paperback section of the airport newsstand and is better discussed in the Diagnostic and Statistical Manual of Mental Disorders.
This is his full lament:
Presented without comment.
Here is Marketwatch, March 21, 2016
Here is Marketwatch from today, three weeks later, April 14, 2016
The final auction of the week confirms that something is seriously amiss with the market.
The Fed has unleashed inflation.
And it wants more of it.
From mid-2014 until early 2016, commodities as an asset class, collapsed some 45%.
This was an all out bloodbath. But despite this collapse in prices, inflation began to perk up.
Since that time, numerous Fed officials, including Fed Vice-Chair Stanley Fischer have concluded that inflation has arrived and that the Fed wants more of it.