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Alasdair Macleod: Deeply negative nominal rates are on their way
2:05p ET Thursday, August 8, 2019
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod expects central banks to push interest rates to deeply negative levels, prompting more asset bubbles, what von Mises called a "crack-up boom," impoverishment of retirees and those without assets, and a flight from the increasingly crazy financial system.
Macleod's analysis is headlined "Deeply Negative Nominal Rates Are on Their Way" and it's posted at GoldMoney here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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