by MN Gordon
“What has been will be again, what has been done will be done again; there is nothing new under the sun,” explained Solomon in Ecclesiastes, nearly 3,000 years ago.
[…] Perhaps the advent of negative yielding debt would have been cause for Solomon to reconsider his axiom. We can only speculate on what his motive would be. As far as our studies have shown, negative interest rates are a brave new phenomenon.
Still, we’ll concede the present day isn’t all that unique or special. We continue to look to the night sky with wonder. When the moon is full we let out a howl with the innate impulse of early man. So, too, we still put on our pantaloons one leg at a time.