Germans reluctantly switch to stock market in search of returns

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Published : April 22nd, 2019
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Financial Times/Tobias Buck/4-18-2019

“Savers seeking the financial advice of Mario Münk and his colleagues at the Berliner Volksbank receive a sobering four-digit response: 0.001 per cent. That is the interest rate currently available on a savings account, the investment vehicle of choice for generations of Germans.”

USAGOLD note:  In a microcosm what is wrong with today’s financial markets. . . . .And why global stock market values are fundamentally the illusion of prosperity and subject to catastrophic failure.

Read the rest of the article at USA Gold
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