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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 453.97-0.1%Feb 4 4:00 PM EST

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To: Maurice Winn who wrote (54238)8/28/2009 6:08:45 PM
From: TobagoJack  Read Replies (2) of 220028
 
re: <<need for a moment of silence: Message 25898911 I found myself taking several moments of silence as well as some contemplative introspection>>

just in in-tray

At the Riksbank, which now has a deposit rate of minus 0.25 per cent, the most vocal advocate of the policy is deputy governor Lars Svensson, a world-renowned expert on monetary policy theory and a close associate of Ben Bernanke, chairman of the US Federal Reserve, since they worked together at Princeton University.

According to the minutes of the Riksbank’s July meeting, Mr Svensson dismissed the “zero interest rate mystique” that had “exaggerated the problems” associated with zero or sub-zero rates.

“There is nothing strange about negative interest rates,” he said.

yeah, there's nothing strange about a central planning agency purpoting that the cost of capital shall henceforth be less than zero. and soon time will begin to run backward, and before we know it, gravity will be repealed and replaced by anti-gravity
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