Negative interest rates are coming to the US, a CIO overseeing $270 billion says t.co/4T4nyfNTEw
— Business Insider (@businessinsider) May 11, 2020
Let’s see if the Fed says the same thing as core CPI collapses below zero and the dollar remains excessively strong. It’s not about the banks. It’s about stopping other countries exporting their own deflation to the US. The profitabity of the banks will be a second order problem. t.co/l35mKU9tp2
— Albert Edwards (@albertedwards99) May 11, 2020
Haven flocking.
Hong Kong net exports of gold to China just surged to record levels.
Most of it is claimed as “not held as reserve assets by authorities”.
Chinese capital outflows escalating again?
It’s the first surplus in a decade. pic.twitter.com/vkwRjzoCyQ
— Otavio (Tavi) Costa (@TaviCosta) May 12, 2020