…Central bankers are at it again. After having taken policy rates precipitously to zero following the global financial crisis of 2008 and experimented with the new instruments of quantitative easing and forward guidance, they are back in the lab. The new gadget is called negative interest rate policy, and it is emitting a distressing tick…
..So any time you’re gettin’ low
‘Stead of lettin’ go, just remember that ant
Oops, there goes another rubber tree plant
(Oops, there goes another rubber tree plant)
Oops, there goes another rubber tree plant(When troubles call
And your back’s to the wall
There a lot to be learned
That wall could fall)…,