Swiss Economicblogs.org
Interest rates in developed economies have been declining for the past 40 years. At this point, 60 percent of global GDP is generated in countries that have negative or near-zero interest rates. Germany and Switzerland have both issued bonds that yield negative returns to investors, and a handful of European corporations have done the same. The yield curve has also flattened significantly in recent years, making long-term debt relatively more affordable. In other words, it’s cheaper than ever...
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