How long can interest rates stay negative? Think about this. Not only are you lending your money to governments, but you're paying them interest for the privilege of doing so.
Mohamed El-ErianAs we spend more, and as companies are pushed to invest, they say, "Hey wait a minute! There's more demand in the system. Let's invest more."
Mohamed El-ErianThe once-unthinkable loss of the AAA rating will constitute a further hit to already fragile business and consumer confidence.
Mohamed El-Erian