The hormones have overpowered them... the hormones of the economy known as interest rates.
Those men have destroyed any shot the little guy has at kicking back with his feet up. They’ve destroyed the old-school rules of making money.
Just look at what they’ve done to their own bond markets:
Janet, you’re hanging with the wrong crowd. They’re trying to bring you down.
Your fellow central banksters across the globe are pushing their rates lower... enticing you to do the same. They’re messing with powerful hormones.
In Europe, Mario Draghi has held the European Central Bank benchmark rate near zero for far longer than anybody before him ever dare. He’s trouble.
In Sweden, Stefan Ingves pushed the Riksbank’s key rate even further into negative territory this week. He’s the bad boy of monetary policy. More trouble.
And, be still my heart... the new kid in school, Haruhiko Kuroda, slammed global markets when he sent Japan’s key rate into negative territory. Stay away from him.
These suitors are dangerous, my dear. Nothing but trouble.
Let them go or you’re going to hurt us all. In fact, those closest to you are already seeing the pain.
Look at the damage that’s been done to the nation’s banks - the very folks you’re supposed to love the most - over just the last 90 days.
The ever-popular PowerShares KBW Bank ETF (N:KBWB)) is down nearly 25%. But look at what your slick suitors in Europe have done to Deutsche Bank (DE:DBKGn) ( N:DB). This stalwart is down over 40%... in three months.
There’s trouble brewing. We need to talk.
I hope I don’t have to tell you why these shares are falling, Janet. The “death of interest rates” is killing anything that makes money from money.
Banks... insurers... pension funds...
I’m not sure you care. You’ve got a nest egg worth over $5 million, Janet, and a nice pension from the University of California. Heck, even your stamp collection is more valuable than most American retirement accounts.
But you should care. All of this is already harming the average American.
As interest rates dies, the little guy has no hope.
He’s left wondering what to do.