Relevant:
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- It Begins: Palace Revolt against ECB's NIRP
- Are Negative Rates Backfiring? Here's Some Early Evidence
- The Global Run On Physical Cash Has Begun: Why It Pays To Panic First
- Martin Hutchinson - Negative Interest Rates: The death spiral of capitalism
2017-09-06 — marketwatch.com
``In theory, low- and negative interest rates were supposed to reduce savings and stimulate spending. In practice, the opposite has happened: The savings rate has gone up. As interest rates on their deposits declined, consumers felt that now they had to save more to earn the same income. Go figure.''
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