ZIRP becomes NIRP

[jamesbrown]

Mummy, mummy pick n' mix, can I have a trillion-penny chew?

[OwlHoot]

Draghi mentioned "unconventional measures" beyond NIRP.

One thing leads inevitably to another. It's like pulling the wool out of a jumper.

And NIRP if adopted Worldwide will lead to the abolition of cash. ..

(primarily to implement capital controls to prevent liquidity crises when the banks suddenly find everyone naturally wants to withdraw all their cash)

But no doubt they'll try and justify it with the usual BS about needing to track terrorists' financial transactions and "if you have nothing to hide .."

[jamesbrown]

One thing leads inevitably to another. It's like pulling the wool out of a jumper.

And NIRP if adopted Worldwide will lead to the abolition of cash. ..

(primarily to implement capital controls to prevent liquidity crises when the banks suddenly find everyone naturally wants to withdraw all their cash)

But no doubt they'll try and justify it with the usual BS about needing to track terrorists' financial transactions and "if you have nothing to hide .."

Yep, you have people like Andy Haldane openly arguing for it.

[PurpleGorilla]

I see things progressing like this:

ZIRP-->NIRP-->F(ecked)IRP

I reckon we're about 6mo-1yr away from FIRP.

Is that when we reach TULIRP?

[AtW]

DOOMED!!!

[jamesbrown]

DOOMED!!!

Or temporarily BOOMED!!! if you're a dirty, property owning, spekulant, like Jezza.