OtterWood Capital's Christine Hughes explains the absurd concept of negative interest rates & what they are doing to the global banking system .. 7 minutes
1 comment:
Anonymous
said...
Banking crisis maybe but not before there is a life insurance and defined benefit pension fund crisis.
You see someone a long long time ago figured out the cost of benefits to be paid now. In order to do that they assumed a return on money i.e. interest rates. Now ten years ago (for example) do you think anyone would have presumed negative interest rates. They would have been called a lunatic.
1 comment:
Banking crisis maybe but not before there is a life insurance and defined benefit pension fund crisis.
You see someone a long long time ago figured out the cost of benefits to be paid now. In order to do that they assumed a return on money i.e. interest rates. Now ten years ago (for example) do you think anyone would have presumed negative interest rates. They would have been called a lunatic.
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