This is exactly right. Negative rates just discount money. I give you $100 and you give me back $95 later. Eventually everyone goes broke!!

https://twitter.com/hks55/status/1195775125200744449

If interest rates rise, corporate debt implodes. If yields stay too low, pensions can't meet their obligations. Call me cynical, but I have zero confidence central bankers are up to the task of threading that needle.

— Eugene Gant (@PeoplesBread) November 16, 2019