by Michael Covel
Daily Reckoning
Central banks have pushed interest rates negative…
There’s now more than $11 trillion of global debt with negative yields…
With cash earning no return, investors are in a desperate search for yield…
That’s boosted asset prices. Stocks hit new highs on a regular basis…
But this shell game, like all others, will eventually come to an end. And history shows that central bank manipulation always ends in disaster.