An Upside Down World

Negative yields in Europe -

http://www.nytimes.com/2015/02/28/business/dealbook/in-europe-bond-yields-and-interest-rates-go-through-the-looking-glass.html

“Bonds issued by Switzerland, Holland, France, Belgium, Finland, and even fiscally challenged Italy, also have negative yields. Right now, roughly $1.75 trillion in bonds issued by countries in the eurozone are trading with negative yields, which is equivalent to more than a quarter of the total government bonds, according to an analysis by ABN Amro.”

Update:

Nouriel Roubini on negative rates

http://www.project-syndicate.org/print/negative-nominal-interest-rates-by-nouriel-roubini-2015-02