13 - Joseph Gagnon on Quantitative Easing in the United States and Abroad
Macro Musings with David Beckworth
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Is It Better to Avoid Negative Rates?
negative rates are a good thing, but i have trouble seeing them going much below minus one. Once people switch into cash, it's kind of like one of those sort of tipping things where then they've made that investment, and then they've switched their behavior,. And youl, youll have to s interstrats, just at a time when the economy might need more stimulus. You know, just fine, go go to minus one. But don't think tat you can go much further. Bellow, zero, i don't think. Ok. So what do you think about the e c b ce gramme? I'm a little more optimistic about europe its they
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