Negative nominal interest rates

This just shows how much nobody wants to spend cash.

BNY Mellon Deposit Fee: Life in the Liquidity Trap

Using the old quantity theory of money, this shows the massive decline in V for Velocity of money, showing why core prices are not rising even as the money supply is increased.

Published by David Kirk

The opinions expressed on this site are those of the author and other commenters and are not necessarily those of his employer or any other organisation. David Kirk runs Milliman’s actuarial consulting practice in Africa. He is an actuary and is the creator of New Business Margin on Revenue. He specialises in risk and capital management, regulatory change and insurance strategy . He also has extensive experience in embedded value reporting, insurance-related IFRS and share option valuation.

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