These are probably the lowest rates in the last 2 centuries and have managed to turn the accepted economic theories on their head.
Imagine, somebody paying you to borrow the money or you paying the banks to park yours.
Reckless borrowers are being rewarded and savers are left to fend for themselves.
The demand for trunks & big boxes in some European countries has gone up because it’s economical to stash away cash in the backyard than choosing the traditional methods for safekeeping.
The superlative performance of bonds since 1980 could be attributed to this anomaly and it has been the biggest contributing factor behind the rise of “Star Fund Managers.”
A whole generation of fund managers and advisors have hung up their boots without seeing the other side of the story.
The timing of your entry in the ring will determine how it would end…to a large extent.
The success coming out from the depths of despair is more sustainable, so use the current opportunities afforded to us for stocking up on ammunition.