In my three decades as a financial journalist I have been fortunate to interview a number of brilliant people who have educated me about how world finances and markets work. None has been more insightful than Carl Weinberg, who I first met more than 20 years ago when I was anchoring at CNN, and who I now interact with at Bloomberg. That’s why I rushed to accept the invitation of the Summit, NJ-based law firm, Brown Moskowitz & Kallen, to their client briefing on September 23, 2019 with Carl and his colleague at High Frequency Economics, Jim O’Sullivan. 

In this excerpt from that talk, Carl makes the stunning statement that “Money has died.” He says he is very worried about the effects of negative interest rates in Europe.