‘Guaranteed to Lose Money’: Welcome to the Bizarro World of Negative Interest Rates

Abstract

In 1960 DC Comics introduced the “Bizarro” planet of “Htrae”. Created with a duplicating ray, the planet’s inhabitants are all imperfect versions of Superman and Lois Lane, doing “opposite of all Earthly things”. They go to bed when the alarm clock rings. They eat only the peel of a banana. They earn degrees by failing subjects. And they invest in “bizarro bonds” that are “guaranteed to lose money”

    Similar works