Negative rates: why they are bad


Tailormade is pleased to be able to offer interesting investment insights from our partners in Hong Kong, Private Capital. This article is by the well known Enzio von Pfeil


By now, you must have gathered that we are not friends of Central Banks’ abhorrent creation of an excess supply of money.    By flushing the system with cash, Central Banks enable politicians to continue their profligacy; why implement structural reforms if Central Banks keep providing more and more liquidity band aids?  That welfare museum, Europe is one result; that protectionist mausoleum, Japan, is another. Local politicians have killed their respective business cycles, thanks to the ECB’s and BoJ’s enabling.

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The views expressed in this article are not to be construed as personal advice. You should contact a qualified and ideally regulated adviser in order to obtain up to date personal advice with regard to your own personal circumstances. If you do not then you are acting under your own authority and deemed “execution only”. The author does not except any liability for people acting without personalised advice, who base a decision on views expressed in this generic article. Where this article is dated then it is based on legislation as of the date. Legislation changes but articles are rarely updated, although sometimes a new article is written; so, please check for later articles or changes in legislation on official government websites, as this article should not be relied on in isolation.

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