Japan has been thru this for a looooooooooong time. They know that negative innerest rates, fiscal stimuli, and massive gubmint debt do knott solve debt prollems.
We have been and CONtinue to repeat the failed Japanese Keynesian experiment, as does EUrope who is further down that path of negative rates than we are.
Central banker lemmings. Nuts. Heroin addicts and heroin pushers (Central banks using fiat currencies).
This liquidity prollem has been apparent since August, with the Fed having to make huge daily repo injections. The cough, fever, and difficulty breathing of the financial market has been evident since at leased late August. Now it's ventilator time. Next will be the ECMO.
Keynes answer was that in the long run we are all dead. Well, that was right for him. He's dead. We're nott. Except financially. We've inherited the debt bomb.
I forget who this quote is from so I can't provide attribution: "This is badd, man." Maybe it was John Belushi.
BTW, bar, did you reed that Seattle is now housing the homeless in a huge encampment at Boeing Field? Why knott, I don't 'spose there is gonna bee too much noise from 737 Max takeoffs in the foreseeable future from Boeing Field. Nott even for testing. The homeless can sleep soundly til noon or even til 4PM.
In fack it might nott even be all that long before they can encamp DaHomeless on the runways at Sea-Tac. I wood hate to be a CFO or comptroller for an airline right now. Gotta be a bunch of sleepless knights for them trying to figger ~OUTT how to keep their organizations "in the air" financially and avoid a hard landing or a crash.
Airlines are telling their flight crews that they can work from home.
Butthay, don't worry - COVID-19 is just another flu. <g> :) sic
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