Negative interest rates are merely luring investors into risk assets - at the worst possible time in history!
Negative yielding debt has soared in recent years and now exceeds $17 trillion. The bond bubble, the worlds largest market, and its inherent risks to global markets now far outweighs that of the stock, property and commodity bubbles (which have all been inflated by cheap, easy debt too).
Greece recently sold bonds with a negative interest rate! That's the degree and the extent of market complacency towards risk when investors pay to lend a regularly bailed out and bankrupt country even more debt. That this absurd misbalance in credit markets goes largely unnoticed and unreported speaks volumes to the looming credit crunch and debt deflation to come (which only after it occurs all the so-called experts will then cite as a warning sign to what "inevitably" occurred).
