Deutsche Bank Unveils The Next Step: “QE Has Run Its Course, It’s Time To Tax Wealth”
by Tyler Durden
ZeroHedge.com
04/30/2016
“It is becoming increasingly clear to us that the level of yields at which credit expansion in Europe and Japan will pick up in earnest is probably negative, and substantially so. Therefore, the ECB and BoJ should move more strongly toward penalizing savings via negative retail deposit rates or perhaps wealth taxes. With this stick would also come a carrot – for example, negative mortgage rates.”
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