Is the Next President About to Go Negative?

As negative rates are contemplated in the U.K., the U.S. may be next After the chaos of the U.S. presidential election subsides, the global financial markets will move quickly to erect a new wall of worry.  At the top of the list will be rising COVID-19 caseloads, a stagnating global economic recovery and the prospect … Continued

ZIRP-NIRP Primer: Will Fed Go From Zero to Negative Rates?

On Dec. 16, 2008, with the world economy overwhelmed by the Global Financial Crisis, then head of the U.S. Federal Reserve Ben Bernanke announced that the American central bank was lowering its benchmark target interest rate to nearly zero. At that point, U.S. stock indices like the S&P 500 were already down roughly 40% from … Continued