Born into a Big 5 investment banking family, I quit organized financial racketeering to go straight. MacDougal Irving is my Blogger Protection Identity, and I am a retired Certified Public Accountant and, like all of us, a badly misinformed investor. These are my observations on capital market cons as they were explained to me across the dinner table as a kid.
Prize
........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........
November 24, 2015
Negative Interest Rates Draw Nigh, Say Crazies at the Fed
Prepare to 1) close all conventional U.S. Dollar bank accounts, 2) sell all fixed income paper (i.e. bonds) denominated in that soon-to-be impaired currency, and 3) transfer all your assets into prodigal credit card debt, large-cap blue-chip stocks, gold, and selected foreign currency accounts - if you can find any selected foreign currencies that aren't being thrown under the same bus; what this author references as an Alice in Wonderland Market will surely turn out to be the Looney Tunes Global Economy after all that's been said gets, God help us, actually done:
http://www.wallstreetdaily.com/2015/11/23/us-negative-interest-rates/
Th-th-th-that's all, folks.