BIS, CLSA, Gross, Gundlach Warn About Negative Rates

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Bank for International Settlements: "Ultimately, central banks’ credibility and legitimacy could come into question."

Are markets headed for a nasty surprise? While even some enlightened professional investors prefer to live in the world of passive delusion – actively trying to see no evil, hear no evil – the risk managers in the crowd, including CLSA, focus on logic and explore all primary probability paths. Good research – and journalism –…