Right Answer ~ Wrong Question
If you’re wondering what ultra-low or even negative interest rates will do to the financial markets, you are not alone. Warren Buffett is wondering too.
When I asked Warren Buffett specifically what are the actual implications of negative rates, he went positively Yoda on me. “I would say that’s the most important question in the world,” said the Oracle of Omaha. “And I don’t know the answer. Now, if we knew the answer, it wouldn’t be the most important question.”