Interest Rate Desert

After three days in the desert sun
I was looking at a river bed
And the story it told of a river that flowed
Made me sad to think it was dead
--America

Map taken from this article from The Telegraph that questions whether we have reached the limit of central bank effectiveness. The real question of course is whether central banks are effective at anything but magnifying chaos over time.

The map shows most of the world bathed in various shades of red. Red is appropriate as it signifies danger. The world has become an interest rate desert of financial repression--barren of incentive to save.

If this situations persists, then a subsequent map will show the world bathed in new shades of red--those corresponding to various states of squalor.