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Alan Greenspan: Negative Rates In The US ‘Just A Matter Of Time’
The prospect of negative rates and negative long-end yields in the US has gone from "far-fetched" to "likely" in a pretty short period of time.
Over the past year or so, Europe has found itself vulnerable to the derisive "Japanification" label amid anemic inflation which refuses to pick up sustainably despite negative policy rates and a fixed income market that looks like it walked out of a Salvador Dalà print.
With yields now deeply negative on core and semi-core EGBs and with roughly half
