It’s the rage of Europe. Some say it gives them an advantage over America. It may, however, shock you to know the truth behind negative interest rates and the damage they can wreak on “safe” investments.
It was the tale of two luncheons.
On Tuesday, November 12, 2019, the Economic Club of New York hosted President Donald J. Trump, just as it has hosted presidents and foreign heads of state in the past. As the crowd of business leaders ate lunch, President Trump regaled them with the hard data of an ascendant economy.
Of course, he also used the opportunity to take a swipe at the Federal Reserve, which he chided for being too quick to raise rates last year and too slow to cut rates this year.