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Rick Sanchez – US & Euro economies crumbling

Summary:
Europe has had near zero interest rates for 5 years and is now considering negative interest rates to help its failing economy. But could the Federal Reserve be about to lower interest rates to near zero too? [embedded content] European Central Bank is floating a ridiculous proposal to introduce “negative interest rates.” Rick Sanchez describes the economic horror that will arise. Meanwhile, the Federal Reserve intends to cut interest rates yet again. Rick Sanchez breaks down what this means about the true state of the economy.

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Europe has had near zero interest rates for 5 years and is now considering negative interest rates to help its failing economy. But could the Federal Reserve be about to lower interest rates to near zero too?


European Central Bank is floating a ridiculous proposal to introduce “negative interest rates.” Rick Sanchez describes the economic horror that will arise. Meanwhile, the Federal Reserve intends to cut interest rates yet again. Rick Sanchez breaks down what this means about the true state of the economy.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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