Negative rates nail savers

JohnMauldin2 2In this edition of John Mauldin's newsletter, he writes that the system is rigged, just not in the way that 99% of the people think it is and not by those they think are doing the rigging. He writes that neither greed nor the usual convenient demons (Wall Street/ big banks/ investment banking houses) are the reason for the rigging. The real culprits are far less sinister and are actually sincere in their motives, they are just Nobel laureates, tenured professors, and other honourable members of the economic academic establishment, what Ken Rogoff calls the "policy community." Read more