Category Archives: Kelly Letters Past

2016 NIRP Did Not Matter

From The Kelly Letter Note 7 sent February 14, 2016: The age of NIRP [negative interest-rate policies] sent Martin Armstrong, of Armstrong Economics, into a tirade last week. He wrote: “We are on the precipice of what can only be described as a rising systemic risk for all markets. The Fed is now hinting that […]

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