Relevant:
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- Central Bank Shell Game: What Sweden's Negative Interest Rates Do to Consumers
- Martin Hutchinson - Negative Interest Rates: The death spiral of capitalism
2008-01-29 — bloomberg.com
'So-called negative real interest rates represent an emergency strategy by Chairman Ben S. Bernanke and are fraught with risks. The central bank would be skewing incentives toward spending, away from saving, typically leading to asset booms and busts that have to be dealt with later. Negative real rates are ``a substantial danger zone to be in,''... '
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