Yo, anons. That fucking rainbow flag is flying all over NYC, on ferries, on balconies, every.fucking.where.
But in next to the Stars and Stripes on the New York Fed? Yeah, I'll post a pic if I remember to bother to take one.
You got yer FB e currency on one side, and this shit on the other.
We are so screwed.
Godspeed.
Dance of the living dead
Globally, the stock of negative-yielding debt crossed a record $13 trillion on Thursday, according to data from Bloomberg. That represents 26% of global sovereign debt supply and 15.3% of nominal worldwide GDP for 2018. Stateside, the 10-year Treasury yield remains below 2%, down from 3.25% in November.
In a New York Times opinion piece last Sunday, Ruchir Sharma, chief global strategist at Morgan Stanley, discussed the fallout from the incredible shrinking interest rates. Citing a report from the Bank for International Settlements, which found that 12% of publicly listed companies around the world can be described as zombie firms (meaning they don’t earn sufficient profits with which to cover their interest payments), Sharma concluded that simple policy miscalculations are on display:
Once the crisis hit, governments erected barriers to protect domestic companies. Central banks aggressively printed money to restore high growth. Instead, growth came back in a sluggish new form, as easy money propped up inefficient companies and gave big companies favorable access to cheap credit, encouraging them to grow even bigger.
Other academic studies lend credence to Sharma’s, and the …
thoth:
https://www.grantspub.com/resources/commentary.cfm
kek
>THERES NOT EVEN ANY REASON TO FIGHT
kek yeah b/c the truth just blossoms everywhere don't it and trolls don't exist.
/dreamon