Central bankers at the Federal Reserve are talking a lot about what’s going to happen in the future. But what do they really know about what lies ahead?
The fact is, they don’t know a whole lot. But we do know one thing for sure – the debt in the US isn’t going away. It’s only going to increase.
Negative yielding debt has exceeded $15 trillion globally for the first time ever.
This pile of negatively yielding paper includes government and corporate bonds, along with some euro junk bonds.
WolfStreet called it a “race to hell.”
