from Silver Doctors:
ZIRP is so 2008 (-2015). Bloomberg reports ECB head Mario Draghi is considering cutting ECB interest rates BELOW ZERO from their current 0.25%.
That’s right, Draghi is considering one-upping The Bernank himself, bypassing ZIRP, and going straight to NIRP (negative interest rate policy)!
Nothing like the smell of desperation in the morning. Perhaps Draghi was listening when Soros stated yesterday that Europe has 3 days to solve the crisis? Anyone remain unconvinced QE Will Go to Infinity??
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