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comment by mk
mk  ·  3838 days ago  ·  link  ·    ·  parent  ·  post: Tumbling Interest Rates in Europe Leaves Some Banks Owing Money on Loans to Borrowers

If, years ago, economists were asked to list precursors of a Euro collapse, the sale of negative interest bonds would likely be on the list.





kleinbl00  ·  3838 days ago  ·  link  ·  

I wonder if they'd have even thought of it. I've yet to see a single pundit go "yeah, we expected that."

Granted, I follow the rationalist macroeconomists and they would argue that "the existence of the Euro" is a precursor to a Euro collapse.