from Sovereign Man:
The world has truly gone mad. We’ve become accustomed somewhat in the last several years to historical anomalies such as zero percent interest rates, Quantitative Easing, competitive currency devaluation, etc. by governments and central banks the world over.
It’s almost become the new norm.
But then there’s always something that happens that shocks us all over again. And just like with any other addiction, the infusion of ridiculous and unsustainable policies has to be that much more potent to have any effect. Two such developments have just taken place in the financial world. First, Switzerland became the first to issue 10-year government bonds with a NEGATIVE yield. Let that sink in for a moment.
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