Posted on Feb 10, 2016
Fed's Janet Yellen: Not sure we can do negative rates
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Not sure we can do negative rates .... because of legality .... so if they given the legality to negative interest rate, they will do it ?
Why there we allow a private banks ran organization to have so much power??
Why there we allow a private banks ran organization to have so much power??
Fed's Janet Yellen: Not sure we can do negative rates
Posted from cnbc.com
Economy
Finance
Banking
Posted 9 y ago
Responses: 1
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Why would you expect a bank to give you money for you to take out a loan??? Think about the implications for what you are suggesting for a minute.
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PO3 (Join to see)
such interest rate will only effecting saving and bonds. Loan? it will always be higher interest rate than the Fed set anyway. This move is to boost the stock market, it pretty much kills all loans to save the stock market action.
It do not make sense at all, but there are already more than hand full of nations are doing it right now. The most recent one is Japan.
I don't like it and never suggesting it at all. In fact ... this is the sign of collapse. It is like drug ... we are waiting for an overdose happen now ...
It do not make sense at all, but there are already more than hand full of nations are doing it right now. The most recent one is Japan.
I don't like it and never suggesting it at all. In fact ... this is the sign of collapse. It is like drug ... we are waiting for an overdose happen now ...
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