Yes, it is! And that’s what’s scary about the current situation! Nobody had heard of negative yielding bonds (NYB) just a couple of years ago. Then in early 2015, global NYBs jumped to $3.6 trillion. A year later, they have doubled. And six months after that, the amount skyrocketed further, to over $10 trillion. By some estimates, two trillion dollars of that total was added in just the past two weeks!
A titanic battle is being waged for Europe’s integrity and soul, with the forces of reason and humanism losing out to growing irrationality, authoritarianism, and malice, promoting inequality and austerity. The whole world has a stake in a victory for rationality, liberty, democracy, and humanism.
We have learned nothing.
- Webeditor, present
- Xenotron plc, TECSA Ltd,
- St. Albans School1955 - 1961
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