This Is How Disastrous The Situation In The West Really Is
KingWorldNews.com
April 30, 2015
With stocks trading lower and gold and silver also getting hit, today a legend in the business sent King World News a powerful piece discussing just how disastrous the situation in the West really is. A powerful guest commentary is included.
From Art Cashin’s notes: Negative Interest Rates Are Becoming Pervasive – A friend passed along a recent piece by Jeremy Warner in The Telegraph. Here’s how it began:
Here’s an astonishing statistic; more than 30pc of all government debt in the eurozone – around €2 trillion of securities in total – is trading on a negative interest rate.
With the advent of European Central Bank quantitative easing, what began four months ago when 10-year Swiss yields turned negative for the first time has snowballed into a veritable avalanche of negative rates across European government bond markets. In the hunt for apparently “safe assets”, investors have thrown caution to the wind, and collectively determined to pay governments for the privilege of lending to them.
The Rest…HERE
