Why Banks Should Question Negative Rate Policies
Bloomberg's Mark Gilbert writes: Aftershocks from the credit crisis eight years ago are still rippling through the world, including negative rates, swollen central bank balance sheets and increased scrutiny of the financial system. One consequence is the commentariat's effort to atone for its failures then by crying wolf at every available opportunity now. Eschatology -- the branch of theology that studies the end of all things -- is in fashion, with every missed economic indicator a harbinger of recession, every undershot inflation target an example of central bank failure, every troubled company a sign of an industry going to the dogs. Gilbert joins Cazenove Capital Management Chief Economist Richard Jeffrey and Francine Lacqua on "The Pulse" to discuss further.
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Toshiba's Board Agrees to Sell Chip Unit for $18 Billion
33:12 - Toshiba's board agreed to sell its flash memory chip unit to a group led by Bain Capital for 2 trillion yen ($18 billion), taking an important step toward ending a contentious bidding process that has stretched over eight months. Bloomberg's Peter Elstrom reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)