TSX-Venture: Awesome News for Jr. Gold Miners Negative Interest Rates In The U.S.
Over the past few weeks, the economic situation around the world has trended worse and worse, despite the 35% rally in the S&P 500 and similar gains in other assets like Gold and bitcoin
To combat these trends, the central banks and governments of the world have gone into overdrive, embarking on more fiscal and monetary stimulus than ever before in an attempt to save companies, save people, and ultimately save society. It’s a move that has had Gold/Bitcoin bulls buzzing.
In the past two months alone, the U.S. Federal Reserve has added over $2.3 trillion to its balance sheet, which is a 50% increase from its year-end balance for 2019. But it isn’t enough, analysts are saying.
Narayana Kocherlakota, an economist who served as president of the Federal Reserve Bank of Minneapolis in the six years after 2008, recently penned a Bloomberg article titled “The Fed Should Go Negative Next Week” outlining a case for the U.S. central bank to bring rates to the negative.
This was echoed by Alan Greenspan, a former Fed chairman, late last year. |
