The Once-unthinkable Loss Of The Aaa Rating

We Normally Think If You're Going To Lend Someone Money, You Should Get Some Reward For Doing This. In Europe, It's A Tax!

If You Happen To Be The Only One With Negative Interest Rates, You Also Weaken Your Currency, Which Means You Make Your Exports More Competitive.

Once You Start Moving [market] Lower, Then You Trigger Of All Sorts Of Things. You Trigger People Who Have To Sell Because They're Over-levered. So They Sell Their Winners And Their Losers. They're Just Trying To Raise Cash. So, What You Then Get Is Spreading Malaise Throughout The Global Markets.

I Remember When I Was Growing Up, You Would Go To A Bank To Open A Deposit, And They'd Give You A Toaster. A Free Toaster. These Days, If You're A Company, And You Go To A Bank, They Could Easily Turn You Away! They Don't Want Your Deposits Anymore.

Investors Have To Ask Themselves Two Questions. How Much Can We Grow Our Investments? And, Can We Afford Our Mistakes?