Black Hole Engulfing the World's Bond Markets
Could give you pause in thinking of your retirement/pension plans.
I will begin collecting early on 2 of mine at the end of the year as I build one more.
But I think high CASH levels are best defense. If you are anywhere near retirement, you should re-think your plans. Not everyone will have the same risk levels.
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There’s a multitrillion-dollar black hole growing at the heart of the world’s financial markets. Negative-yielding debt -- bonds worth less, not more, if held to maturity -- is spreading to more corners of the bond universe, destroying potential returns for investors and turning the system as we know it on its head. Now that it looks like sub-zero bonds are here to stay, there’s even more hand-wringing about the effects for mom-and-pop savers, pensioners, investors, buyout firms and governments.
https://www.bloomberg.com/news/artic...kets-quicktake