Euro Banks: Dead Men Walking

These charts are hard to take.   Have you ever seen such dead money investments?

Here’s to hoping that if Jamie Dimon becomes Secretary of Treasury in a Biden Administration — a huge stretch given the rising power of the Democratic left — he never allows negative interest rate policy NIRP (yes, we get it, it’s theoretically the Fed’s job).

Look what NIRP has wrought, or should we say rot in Europe.

Go to top