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
Enjoy reading WOLF STREET and want to support it? Using ad blockers – I totally get why – but want to support the site? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to find out how:
Would you like to be notified via email when WOLF STREET publishes a new article? Sign up here.