welcome to the bizarro world of negative interest rates
- Written by John Hawkins, Assistant professor, University of Canberra
In 1960 DC Comics introduced the “Bizarro” planet of “Htrae”. Created with a duplicating ray, the planet’s inhabitants are all imperfect versions of Superman and Lois Lane, doing “opposite of all Earthly things”.
References
- ^ Adventure Comics (www.financialsense.com)
- ^ ten-year bonds (tradingeconomics.com)
- ^ RBA/Refinitiv (www.rba.gov.au)
- ^ Explainer: why the Japanese economy is stuck in a holding pattern (theconversation.com)
- ^ Swiss government bond (www.snb.ch)
- ^ of about -0.3% (data.snb.ch)
- ^ Negative interest rates – are there any positives? (theconversation.com)
- ^ short-term interest rates (www.rba.gov.au)
- ^ RBA (www.rba.gov.au)
- ^ A History of Interest Rates (www.wiley.com)
- ^ argued (www.rba.gov.au)
- ^ he said in June (www.rba.gov.au)
- ^ debt and deficit disaster (parlinfo.aph.gov.au)
- ^ back in the black (parlinfo.aph.gov.au)
Authors: John Hawkins, Assistant professor, University of Canberra