Complex sentences to ponder

How quickly are negative nominal interest rates self-correcting?  Izabella Kaminska at the FT serves up part of an answer here:

Yet, in a globalised FX market, it’s arguably not until all carry is exhausted that excess funds can lead to a commodity-style liquidation effect that corrects the price of money against a basket of goods and services, by means of actual consumption.

Quick: true, false, or uncertain?  Show your work.  The rest of the post will make your head hurt, in the best sense of course.

Via Craig Richardson, here is a story about a parmesan cheese bank.