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12 Reasons Why Negative Rates Will Devastate The Global Economy

Summary:
.. Edwards said that what bond markets are telling us is "that the cycle is ending with the central banks having failed to drive core CPI inflation higher. So Japanese-style outright deflation lies ahead at a time when western economies have piled debt sky high." https://www.zerohedge.com/news/2019-08-17/12-reasons-why-negative-rates-will-devastate-world [embedded content]

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.. Edwards said that what bond markets are telling us is "that the cycle is ending with the central banks having failed to drive core CPI inflation higher. So Japanese-style outright deflation lies ahead at a time when western economies have piled debt sky high."

https://www.zerohedge.com/news/2019-08-17/12-reasons-why-negative-rates-will-devastate-world

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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