Negative Interest Rates And Your Retirement

If you are wondering how we got here with negative interest rates, here is a chart that gives a hint. GDP is, unfortunately, the lower curve. This is for the U.S. but this is now universal. Negative interest rates are a bizarre concept to say the least. They violate a basic principle of human action: a dollar today is better than a dollar tomorrow. We ask for a premium to lend money because of inflation ahead (ever present with our beloved central banks) and also because of the higher...