Welcome back to another episode of Wall Street Unplugged!
This week, my guest Joe Brusuelas, chief economist at consulting firm RSM US LLP, breaks down the “good and bad” of negative interest rates.
He highlights the huge risks – including banks storing cash and a possible collapse in money market mutual funds – if the Federal Reserve follows Europe and Japan’s negative interest rate policy.
Joe then talks about the SALT conference which is being held in Las Vegas next month.
He will be speaking alongside some of the greatest hedge fund managers, political figures, CEO’s and creative thinkers including Mark Mobius, Kenneth Griffin, John Boehner, Lawrence Summers and Sam Zell.
As always, thanks for listening and good investing.