Photographer: Bartek Sadowski/Bloomberg

Negative Rates Are the Tools of Our Elderly Oppressors

A "pattern of intergenerational conflict" sparked by ultra-low returns, according to Citigroup.

Here is a diagram of things disliked by the young and the old, that may or may not reveal more about this Bloomberg writer's psyche than about the actual state of the world. Still, few would argue that the negative interest rates imposed by a handful of central banks around the world have failed to endear themselves either to an older generation increasingly composed of savers or to their children, who seem doomed to make up the shortfall in the older generation's low returns.

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