Only try this if you’re an absolute genius. “No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest”? And: “I think negative rates are something the Fed will and probably should consider if the situation arises.”Yes, Ben Bernanke in 2009. And Ben Bernanke, again, in December last year. They’ve all been at it: the ECB’s Mario Draghi, with his big bazooka, Haruhiko Kuroda, with…

Source: The Times November 15, 2016 00:05 UTC