2017 recession didn’t happen
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French election did not implode.
Generally economics has its own law. Political influences are often exaggerated.
Those who live in the macro world die a thousand deaths on the daily news cycle. …Too much brain damage worrying about it…
Macro is easy and fun to talk about. We can do nothing for 30 years and just talk about macro events for 10 hours a day. I’m sure no one will get bored and the discussion will be heated, intersting, even causing a bad blood in some.
It’s harder to take actions and work on one’s own problems. It’s earlier to talk about French elections than cleaning up your table
The Logic Behind the Bonds That Eat Your Money
https://www.bloomberg.com/graphics/2019-negative-yield-debt/?srnd=businessweek-v2
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Negative Mortgages Set Another Milestone in a No-Rate World
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Denmark’s Jyske Bank announced a -0.5% offer this month
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Where central banks led, home loans followed in most markets
Would lenders not be super strict about the quality of the borrower, if the lenders earn negative interest? In that case, the low interest may in reality not be beneficial to many, as credit dries up?
@ptiemann Germany’s 10 year government bond is -0.61%. Do you understand why?
Why don’t the German investors buy US 10 year treasuries at 1.53% instead of -0.61% German bond? USD is a pretty strong currency.
I’m thinking whether we can get a mortgage rate of 1% or 2% if German investors come and push US 10 year treasury rate to 0%
those are the ones who have not yet heard of Bitcoin
Europeans buying treasuries would need to take on currency risks. No doubt many are already doing that, pushing down treasury yields and making the dollar strong against most other currencies. But there are many that have to buy certain amount of European bonds due to regulations or simply don’t have the appetite for forex risks.
After the South Sea and 
bubbles, Europeans became highly conservative and concerned more about capital preservation than capital growth. Is why there are less tech startups in Europe, difficult to raise funds.