Negative interest rates are coming and they are downright terrifying

What if I said I wanted to borrow $100 from you and pay you back $99 five years later? Would you do it? Hell no! And yet this is exactly what’s happening right now in the banking systems of Japan, Germany, France, and other European countries. Negative interest rates — where the lender gets paid back less than they’ve loaned — now add up to 30%, (and counting), of the global tradable bond universe, according to JPMorgan (JPM). You may have seen for instance that Germany just sold the first...
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