Helicopter money may be on the horizon, but if Deutsche Bank has its way, there is at least one intermediate step.
According to DB’s Dominic Konstam, now that the benefits QE “have run their course,” it is time for the next, and far more drastic step: “the ECB and BoJ should move more strongly toward penalizing savings via negative retail deposit rates or perhaps wealth taxes. With this stick would also come a carrot – for example, negative mortgage rates.”
Here is the big picture unveiling of what is coming next from Deutsche Bank’s Dominic Konstam, who is also buying the Treasury long end hand over fist.
Source: Desperate Deutsche Bank unveils drastic next step
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