Thursday, August 18, 2016

Savers Are Being Shafted
By Central Bank Policies
The idea of central banks creating wealth by boosting asset values through low or even negative interest rates may prove costly for retiring Americans & those saving for their golden years, AIG Chief Investment Officer Doug Dachille says .. “all savers” are being negatively affected by easy monetary policies around the globe .. "All this reduction in interest rates, while it’s certainly been good for the appreciation of the asset side of everybody’s balance sheet, unfortunately it’s increased the value of the liability side of the balance sheet." .. 4 minutes

No comments: