Volatility once again exploded in the third quarter, sending investors running for safe havens like gold and Treasurys. After Treasurys became a steady performer in the third quarter of this year, investors are now wary that a top will be coming at some point.
While there has been much talk about the yield curve in the news since it inverted this summer, other experts agree that negative rates still seem somewhat illogical.
“Well it makes no sense. And look at the impact. What no one is really talking about is how negative this is for the banking system. I mean look at what negative interest rates have done to Europe and the banking system in Europe. You know you’ve got serious issues with Deutsche Bank that everybody knows. Then Commerce Bank is over its head last last week. So what we’re not really talking about is the real negative impact that creates in the banking system. And I think society more broader in terms of everybody looking to save,” said Will Rhind, founder and CEO of GraniteShares.
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