NIRP refugees are conservative investors such as pension funds and insurance companies that manage everyone’s money. They need predictable returns from high-quality bonds for future payouts. But now their business model has collapsed under central banks’ negative-interest-rate policies.
Here I am on Double Down, with hosts Max Keiser and Stacy Herbert to discuss what these refugees from financial repression are getting into (warning: this radio show, especially in the beginning, may be unseasonably funny):
There’s something hidden behind the Fed’s flip-flop theatrics about raising rates. Read… Goldman Sachs, Morgan Stanley, JPMorgan, “Other Banks” Ask Fed to Let them Dodge the Volcker Rule till 2022