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by stcredzero
3359 days ago
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Pension funds are one of the largest victims of Central Banks after the 2008/2009 financial crisis. Quantitative easing on top of zero/negative interest rate policies has dramatically reduced the risk-free return on capital. Bond yields have collapsed worldwide. As a layperson, the 2008 financial crisis felt like this to me: Someone shrank the effective value of my savings and earnings by something like half. |
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