There Are Things Which Make My Head Hurt …… This Is One Of Them

suyts space

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The old negative 3 year bond yield. ……. 😐

There are a lot of people in a world of hurt, they just haven’t come to realize it, yet. But, people are literally paying others to hold on to their money.

While this is good for Germany …. for the short time being, it cannot be for very long. Indeed, it should not be, ever. The stupidity which must occur before someone thinks it’s advantageous for you to pay someone to hold your money is beyond comprehension.

But, perhaps this is also instructive as to the true inflation rate. Clearly, the negative yield from the bonds are much less than the inflation rate which is robbing the people who are investing in the 3 year German bonds.

h/t Dirk

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