FYI: This whole low interest rate environment seems to be getting a little out of hand. On Friday, the Bank of Japan surprised everybody and cut the interest rate they charge banks on excess reserves into negative territory. According to the WSJ, “Over a fifth of global gross domestic product, or 23.1%, will now be produced in countries that have negative interest rates.”
It would be an understatement to say that investors are starved for yield and income.
Regards,
Ted
http://awealthofcommonsense.com/getting-to-4/
