Negative interest rates - an interesting post. I find it hard to get my head around this. So use to positive interest rates. Will have to review it again.

Yesterday's post was most informative!

When financial institutions fail, counterparty risk causes a domino effect throughout the system - as you say.

It seems to be reminiscent of 2006/2007 that councils - such as Kent County Council - pension funds are investing in riskier funds . Reminds me of the Iceland banks being used at the time to obtain a better return and that did not work out well.

Thank you for your posts.