Relevant:
- Negative interest rates set stage for next crisis, Stephen Roach say
- OECD's William White: In Terms of Debt, the Situation Is Way Worse than 2007
- IMF: keep interest rates low or risk another crash
- BIS central bank warns against 'illusion of permanent liquidity'
- Bank For International Settlements Warns Of Looming Debt Bubble
2009-12-06 — nakedcapitalism.com
"The Bank of International Settlements is taking a more public stand on a matter it took up with central bankers privately prior to the crisis, namely, that overly low interest rates stoke asset bubbles. Its chief economist William White had been warning against overly lax monetary policy as early as 2003"
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