Sunday, September 04, 2016

Savers & Retirees Are Getting
Shafted From Financial Repression
"The latest victims of misinformed global central banking policies are retirees holding 'universal life' policies...once again the 'prudent' folks who saved for their retirement are exactly the ones being brutally punished for their efforts .. Pensions and insurance companies are stuck in a central bank-induced negative feedback loop that just keeps pushing rates lower and lower. In an effort to 'juice' returns, insurance companies have been forced to invest in longer-dated maturities but with rates collapsing across the curve many insurance companies have nothing left to do but raise rates."
LINK HERE to the article

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