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FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

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  • After months lost at sea on a small boat, five people are rescued in Kiribati

  • US Election Day arrives after a surge in early voting, with observers keeping close watch at the polls

  • Wednesday, November 4, 2026 – edition no. 5067

  • The hidden cost of artificial intimacy

  • Disappointing October accounts for the fifth consecutive month in the ‘red’

  • Lawmaker urges ‘seamless’ border crossings as Hengqin traffic surges

World
Home›World›The Buzz | Buffett can’t predict how negative rates will affect economy

The Buzz | Buffett can’t predict how negative rates will affect economy

By -
Tuesday, March 1, 2016
119
0

Investor Warren Buffett says he can’t predict how having interest rates negative for a prolonged period will affect the economy because it has never happened before.
The billionaire from Omaha said on CNBC yesterday that Berkshire Hathaway’s insurance units in Europe will lose money on the cash they have to keep in banks.
He joked that Berkshire would be better off stashing cash in a giant mattress instead of banks if only he could find a trustworthy person to sleep on top of a billion euros.

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