What are we currently missing but is going to seem obvious in retrospect about the implications/significance of negative interest rates?

Jan 10, 2020 · 1:50 AM UTC

213
101
62
907
Load newest
Replying to @sama
If we knew the answer to that question we wouldnt be missing it
Replying to @sama
Bitcoin
Replying to @sama
That they are worst that the current CBs manipulation of IRs to 'set' the price of fiat, according to Keynesians
Replying to @sama
75 years of peace in the developed world which has contributed to unprecedented capital and technology surplus (Pax Britannica, for most of 19 century comes close, but nothing like this).
Replying to @sama
I nominate the rise and crash of WeWork.
Replying to @sama
Liquidity quicksand.
Replying to @sama
That you shouldn't be rewarded to hold cash, but only to deploy it in a meaningful ways to create value for society. Effectively bringing more and more money into high-risk startups/ventures that otherwise wouldn't get funded. Problem is that normal citizens don't have access.
Replying to @sama
Wealthy people getting wealthier
Replying to @sama
Unpopular idea: we’ve been in a QE trend since Volcker/Regan era interest rates. This trend coincides with the rise of the tech/VC model. Not a coincidence. 40yr decline of interest rates created the conditions for riskier bets. -% interest rates was assets jumping the shark.
Replying to @sama
Bank runs
1