[1]If Krugman is to be believed, the state of global sovereign nation balance sheets must be excellent as there are now 12 major nations with 2Y interest rates below 1.00% with 4 of those nations having joined the Negative-Interest-Rate-Policy (NIRP) club.
Canada, Sweden, USA, UK, Japan, France, Austria, and Finland are all currently below 1.00%
Holland, Germany, Denmark, and Switzerland are all currently negative.
[8]
Charts: Bloomberg
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/9803
[3] http://www.zerohedge.com/taxonomy_vtn/term/12348
[4] http://www.zerohedge.com/taxonomy_vtn/term/8300
[5] http://www.zerohedge.com/taxonomy_vtn/term/8436
[6] http://www.zerohedge.com/taxonomy_vtn/term/12067
[7] http://www.zerohedge.com/taxonomy_vtn/term/9867
[8] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/07/20120717_NIRP.png