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As the US sails into uncharted territory, the central bank might be the last ship keeping the economy afloat.
The end of the world is nigh. Ok, not the world, but at least the Western civilization as we know it. Forgive me, but that is what I am tempted to conclude based on the panic I hear about a world with negative yields.
And to put a fine point on it, the catastrophe that is to befall us is world central banks' fault. If it wasn't for their