AUG 31, 2017
ORIGINAL SOURCE: The Fed’s Race Against Time by Brian Maher of dailyreckoning.com on 8/30/17
Ken Rogoff just recently told central banks to start preparing for the next recession now.
"… undertaking institutional changes that clear the way for effective negative interest rate policy is likely to be the cleanest approach to restoring the efficacy of monetary policy at the zero bound…"
Translation: Negative interest rates are the ultimate road to recovery. But they’re not possible as long as people can withdraw cash from banks. Buy Gold
Please read the rest here; The Fed’s Race Against Time