? re "Malinvestment" Off-the-Cuff w/CHS

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lyn808's picture
lyn808
Status: Member (Offline)
Joined: Dec 7 2011
Posts: 12
? re "Malinvestment" Off-the-Cuff w/CHS

I'd really appreciate it if we can get a follow-up from Charles Hugh Smith to provide the source for the calculation that he sites in the 3/14 OtC, regarding the effective wealth transfer of $10Tn that was lost by savers because of the lack of positive real interest rates over the last many years.

Adam Taggart's picture
Adam Taggart
Status: Peak Prosperity Co-founder (Offline)
Joined: May 26 2009
Posts: 2939
requested source

MeleKai -

I just received Charles' response.

Here's the source:

http://www.zerohedge.com/news/2012-10-10/real-financial-impact-zirp

the conservative and cumulative effect is a loss of just over 9 trillion in savings during the entire 11-year period.

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