It Begins: For The First Time Ever, Futures Price “Fatal” Negative US Rates Starting Dec 2020

• Negative rates implies currency crisis! Got gold yet? The herding of the sheep to the new Beast ‘666’ system based on digital currency begins!
  –
• It Begins: For The First Time Ever, Futures Price “Fatal” Negative US Rates Starting Dec 2020
  by Tyler Durden, https://www.zerohedge.com/
  Update: Now that the seal has been broken, the Eurodollar market is starting to panic, sending Fed Fund futures soaring to contract highs with the first priced in negative rate now shifting from Jan 2021 to Dec 2020 in what appears to be the next market test of the Fed, with stocks, bonds and now FX starting to actively price in negative rates so soon as 6 months from today!
  –
  Back in 2015, when the Fed set off on its first tightening cycle in a decade and was set to hike rates for the next three years, we wrote in an article that in retrospect would be proven 100% correct, in which we warned that by hiking rates the Fed is engaging in a massive policy error, because according to our calculations at the time, r* (r-star), or the natural rate of interest in an economy where total debt/GDP was 350% and rising, and where GDP was 2% and falling, the short-run equilibrium real interest rate was a paltry 0.57%…
  –
  read more.

end