notices - See details
Notices
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Mike Bravo (not verified)
12th February 2020 | 10:34am

If the time value of money is zero or even negative, what is the point of doing any financial analysis other than to pick the least worst alternative. Negative rates are a value destructive exercise that will lead to financial collapse through severe mal-investment.

But I know we are heading into peak absurdity when actuaries start telling me that pension liabilities will be discounted at negative rates should rates on High Quality corporate bonds go negative.