Negative Rates Are Coming for Your Savings




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ORIGINAL POST

Posted by Ed 24 days ago
Wealthy depositors are already being hit. The less well-off are next in the firing line.
 
 
First they came for central banks, then they came for government bonds, then they came for rich depositors. Then they came for me.

Negative interest rates are coming for us all, in one form or another, as central banks redouble their efforts to avert a global economic slowdown that threatens to unleash deflation. So how can we defend ourselves from the coming assault on our bank balances?

Investors seem resigned to the new no-yield orthodoxy in fixed income. Norges Bank Investment Management, the world’s biggest sovereign wealth fund, revealed on Wednesday that it has reversed its longstanding bet that bond yields will climb.
 https://www.bloomberg.com/opinion/articles/2019-08-23/negative-rates-are-coming-for-ordinary-savers?srnd=opinion


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