Do you understand what this means? In layman's terms it means complete economic collapse is right around the corner. In addition to this Europe's banks pay negative rates on savings. In other words they take money from every savings account every month. They no longer pay the customer for their savings savings account, the customer pays them. It's lose lose for the depositor.
Now if a person invests in 4 out of 10 bonds in Europe they are guaranteed to lose money. Over and above this news the ECB, European Central Bank, now owns 25% of all bonds. They've had to buy them to keep them solvent and they are buying corporate bonds. That means if a corporation needs to borrow money they just go directly to the ECB, create bonds of their own, and the ECB buys them. It's what the FED does here in the US.
www.zerohedge.com
Now if a person invests in 4 out of 10 bonds in Europe they are guaranteed to lose money. Over and above this news the ECB, European Central Bank, now owns 25% of all bonds. They've had to buy them to keep them solvent and they are buying corporate bonds. That means if a corporation needs to borrow money they just go directly to the ECB, create bonds of their own, and the ECB buys them. It's what the FED does here in the US.
Zerohedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero