Negative Interest Rates and the Global Financial System

The video discusses the concept of negative interest rates, focusing on their impact on large economies like Japan, USA, and Italy. It examines the credibility of sustaining negative rates and their effects on the global financial system. The challenges faced by banks and investors in adapting to this environment are highlighted, with a focus on European banks. The discussion also touches on the long-term implications of negative rates and the shift from a 'new mediocre' to a challenging economic environment.

How does the chronic nature of negative rates affect the global financial system according to the discussion?

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What does the term 'new mediocre' refer to in the context of the global economy?

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