No, just from the countries with negative rates and not a complete disconnect just separate from the effects of their negative rates which is being imported into our rates.
Look at Lagarde's comments conserning negative rates in this article..[www.marketwatch.com].
It looks like she approves of negative rates so this may be the new normal in the EU?
The USA has an advantage over many countries in that we can increase domestic manufacturing and trade with trade friendly nations while lowering imports from countries who's negative rates effect our rates.
Edited 1 time(s). Last edit at 30-Aug-19 18:40 by adequatedane.