Pension funds may be wrecked in a future recession
I'm no expert but it seems the 'cause' of a lot of problems right now - the one mentioned in this article, but also climbing housing prices - are caused by low and negative bond interest rates. Who sets these interest rates? Why are they being kept low? They seem to have such a big influence on the economy right now, driving it towards riskier investments - I mean my bank's savings account, which IIRC is tied to government bond interest rates and (also historically low interest) mortgages, is pretty much zero so I've moved some of my funds into (riskier) investments.I mean I don't really want to be doing that but right now, putting money in savings and keeping it is basically costing me 2-3% of its value a year due to inflation.