“Whereas the thought that $14 trillion of money printing and 672 interest rate cuts would encourage people to borrow and spend, the thought was that the use of NEGATIVE interest rates would force people to spend … In the end, the combination of steps 1 + 2 + 3 didn’t provide nearly the amount of global stimulus as thought.”

2017.6 IceCap Global Market Outlook by zerohedge on Scribd

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