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.