Get ready for the next salvo in the currency war: negative interest rates

[roamer65]

The Treasury will have no choice but to follow Switzerland and Denmark as the Euro plummets. What this means for savers is that you will actually have to pay the bank to park your money in it.

I think there is a good chance we will see NIRP in the next few months to control the dollar's climb against the Yen and Euro.

[hollysmom]

1. does this mean my credit card will pay me if I pay them late?

[Lucky Luciano]

2. We would do QE4 before going to NIRP.

The US is still doing the best right now if all DM economies...hope we can maintain while others are not doing do well.

[jtuck004]

3. "The US is still doing the best right now" > Some, in the US are doing the best, mostly on

the backs of 50 million or so that we have let die financially, along with cutting other opportunities. Nearly 10 million let fall into poverty in the past 6 years, about 20-30 million now down to near poverty, 7 million foreclosed on and we are replacing them with a rental nation.

It's ok for the rentiers and their lap dogs, but they are fucking a good number of their neighbors here to pretend "we" are doing well.

[Tuesday Afternoon]

4. bring it, fuckers. I want to refinance my mortgage at those rates.

Last edited Sun Jan 25, 2015, 12:51 PM - Edit history (1)

I never realized we really ARE playing Monopoly.

fuck yeah!