We live in the age of the refugee. Climate refugees, Syrian, Libyan, Afghani, Iraqi, Yemeni war refugees and now NIRP refugees are pouring across the world seeking safe haven. Wolf Richter of WolfStreet.com tells Double Down that these investors may soon find that central bankers have forced them into the riskiest of investments — like emerging market bonds — which could sink and take the pension world’s remaining wealth with them. In a negative interest rate world, however, where can Nirp refugees find any safe haven from financial repression?
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