John Rubino returns… You know that times are crazy when you have right-wingers and left-wingers in the UK uniting against Britain’s membership in the EU. They want out and so do many people in the UK. Negative interest rates have all sorts of unintended consequences but this one should come as no surprise to anyone; there’s a run on safes in Japan as people opt for cash instead of seeing their savings confiscated while being kept safe at the local bank. If you’re thinking about buying a safe, be careful, don’t skimp out and expect your valuables to be safe. Spend at least $1k, but it’s best to have an insurance-rated safe. Finally oil prices see no real recovery in site. Which is bad for the world economy, bad for you bank, bad for your pension fund and just plain bad for everything.
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