Alasdair Macleod, in this detailed podcast explains exactly what steps the ECB is undertaking, what the most probable ramifications will be, and where the highest degrees of risk now lie:
http://www.peakprosperity.com/podca...d-all-need-know-about-negative-interest-rates
".....when your central bank is doing something completely unprecedented in world history, you might want to say maybe things are not completely rosy at this moment in time"
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