ECB imposes negative interest rate. “It cut its deposit rate for banks from zero to -0.1%, to encourage banks to lend to businesses rather than hold on to money.” The problem is that nobody wants to borrow – negative interest rates aren’t going to change that. Hey, is all the QE actually causing deflation, the very thing it was supposed to prevent? Some fans of Keynesian stimulus are starting to think so..
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Hmmm, pay a bank to hold my money, or keep it at home, what a dilemma.....NOT!!
Negative interest rates? The confiscation of the people's wealth has begun.
negative interest rate?...so they pay you to borrow money? How does that work?
Hold on - no fair asking Progressive economists how anything works.
oh, I'm sorry. I wasn't trying to be racist.
Trying to understand this myself and just failing grasp the concept. Am I a racist and just not aware of it?
any questioning of the left is racist, sheesh, everyone knows that.
The ridiculously low rates on savings makes me a member of the Bank of Mattress. I know that I will not wake up one day and find the Obama Regime has frozen my money...or taken it. There is a lot of 401K, IRA money that would really help out those inner city youts that are all honor roll students more than it would help you in your retirement.
Also my security systems are pretty GD formidable and layered. I don't say "stop or I'll shoot." I just shoot.
How soon before our own government economic geniuses start to encourage the TBTF banks to start charging "negative interest" on savings accounts to encourage spending?