In Italy cash is king and I mean real physical paper money and metal coins. This is not just my observation – European statistics show that cash is more important only in Romania and Greece.
Read MoreNIRP. A Disgusting Four-Letter Word
ZIRP and NIRP. Not so long ago they were just economic theories treated with curiosity and disbelief. Now they are reality. The words are acronyms for Zero and Negative Interest Rate Policies. NIRP is the ultimate manifestation of stupidity in the global financial system.
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