How “NIRP Refugees” Try to Escape Financial Repression But End up in Riskiest Assets with Greatest Potential for Loss
by Wolf Richter
WolfStreet.com
August 14, 2016
NIRP refugees are conservative investors such as pension funds and insurance companies that manage everyone’s money. They need predictable returns from high-quality bonds for future payouts. But now their business model has collapsed under central banks’ negative-interest-rate policies.
Here I am on Double Down, with hosts Max Keiser and Stacy Herbert to discuss what these refugees from financial repression are getting into (warning: this radio show, especially in the beginning, may be unseasonably funny):
The Rest…HERE
