NIRP has not helped the Eurozone and Japan,and the Low rate,the USA.The rates are already low.
European Banks have failed and the ECB is buying up Bonds of the Private Cos,and BoJ the Equities.
The US Federal Reserve also used to up,MBS,having low repo rates,at the same time.
Further rates cuts will destroy the already weak banks,Pension and Insurance Systems/Sectors,as the case may be,make Money Market insignificant and make Collateral,over-valued due to asset bubbles.
European Banks have failed and the ECB is buying up Bonds of the Private Cos,and BoJ the Equities.
The US Federal Reserve also used to up,MBS,having low repo rates,at the same time.
Further rates cuts will destroy the already weak banks,Pension and Insurance Systems/Sectors,as the case may be,make Money Market insignificant and make Collateral,over-valued due to asset bubbles.
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