In late January, we asked "who will offer the first negative rate mortgage?"
Who will offer the first negative rate mortgage
— zerohedge (@zerohedge) January 30, 2015
We didn't have to wait long before Denmark's Nordea Credit unleashed this idiocy. And now two banks in Belgium have followed suit, paying instead of charging interest on mortgages to a handful of customers.
Ever since explosions ripped through the Brussels airport on the morning of March 22, which together with a separate bomb attack at the Maelbeek metro station killed 32 and wounded dozens, in a terrorist attack which took the lives of two of the perpetrators Brahim El Bakraoui, 30, and his brother Khalid, 27, shown in the left and center on the airport photo below...
... local authorities had been on the hunt for the third bomber, the one also known as "the man in the hat."
As of moments ago, he has been officially found.
Excerpted from Doug Noland's Credit Bubble Bulletin blog,
Bubble Economy or Not?
Where are Marx and Lenin when we need them?
Paul Craig Roberts
Former aide to Russian President Vladimir Putin, Igor Ivanov, says that the risk of WWIII is higher than at any other time in history. According to The Daily Star: Only this January, some of the world’s top boffins kept the dreaded “Doomsday Clock” positioned at three minutes to midnight – its closest to armageddon in 20 years. Looming war between the West and other nuclear powers such as Russia and China was a chief reason. And Mr Ivanov agrees that this horrific scenario is possible.