David Zervos: The ECB Smart Car and the BoJ P45
February 10, 2016
Every now and then, it is good to pay attention to what those who think differently than you do. David Zervos certainly has a different opinion of quantitative easing and negative rates. I am going to be writing about negative rates in this week's letter, but thought I would let David's tell you why he thinks Japan and Europe should take their rates even further into negative territory. I can guarantee you that type of thinking is quite widespread in policy circles. Just good to know and think about what's out there sometimes, even if you may not agree…