In the world today, there is $10.6 trillion worth of debt instruments with a negative yield. Think about that for a moment: $10.6 trillion debt where the lender is paying the borrower to hold their funds. This is truly unprecedented in the history of financial markets and business school students in 50 years may think our world had gone mad. Jim Grant explores this topic in detail and takes a closer look at the world that is being created by "upside-down" interest rates.
