Negative rates also destroy the stability of pension and insurance funds.

If negative rates cause the next crisis by distorting capital allocation and encouraging unmanageable levels of debt, central bankers will discover that the real danger is to them personally. 

The whole idea that they are politically independent good guys will come tumbling down.

Merryn Somerset Webb FT 4 October 

The writer is editor in chief of MoneyWeek


Kommentarer

Populära inlägg i den här bloggen

Det svänger fort på räntemarknaden

Fjolåret blev strålande för flera av de största fondbolagen

Börsen i Stockholm och New York 4-5 augusti 2024