Germany, the second largest NIRP fiefdom, is subject to the ECB’s crazed NIRP absurdity and asset-buying binge that includes government bonds, corporate bonds, covered bonds, asset backed securities, and what not.

I've always found this interesting. Instead of just buying all the government bonds, they also buy up certain assets from the private sector. However, I thought the whole point of monetary easing was to drive a wedge between the rates of return.

If anything, shouldn't they be shorting corporate bonds instead of buying them?

Just a thought - it's a fascinating topic beyond my expertise :)