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S W
Member since May 2012
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Negative Interest Rate Mutiny in Germany, Japan - Mish - Global Economic Analysis

The great majority of people have no idea what is going on w.r.t to "money"
Sure they do not like like low interest rates on their cash deposits.
But it is more than that.

What the banks are saying is that 'we don't want your stinking cash because at Zero Percent it is nominally worthless'.

Commented 2889 days ago

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Beginning of the headline :Banks in Japan and Europe are fed up with central bank negative interest rate policies that cost the banks money. Commercial banks and their customers alike seek ways to avoid central bank lunacy. In Germany, banks are considering holding deposits in cash rather that parking funds at the ECB. The Financial Times reports Negative Rates Stir Bank Mutiny. Lenders in Europe and Japan are rebelling against their central banks’ negative interest rate policies, with one big German group going so far a... Read More

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