Relevant:
- Reason #437 to own gold: The Fed wants Negative Interest Rates
- How Low Can Central Banks Go? JPMorgan Reckons Way, Way Lower
- How Sweden's negative interest rates experiment has turned economics on its head
- Blame the Fed for the Financial Crisis
- Negative interest rates are coming and they are downright terrifying
2012-07-21 — theautomaticearth.com
Does Europe still have weapons left? Well, it can lower its interest rates to minus 1-2%. It can lower ECB reserve rates into negative territory, so banks won't park their money there anymore. But they won't put it back into the economy instead, as would be the hope, they're not certified nuts yet; they'll move it to the US or Switzerland or something.
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