Europe's cuts overnight deposit rates to -.3%
First of all, if you have money in European banks, move it. Now. Negative interest rates are nothing short of outright theft.
- Second, negative interest rates which fall again also are indicative of pending economic collapse.
- Third, if the Fed drops their interest rates, you can pretty much guarantee that the US economy will follow Europe's.
We may be looking at a watershed moment.
- Second, negative interest rates which fall again also are indicative of pending economic collapse.
- Third, if the Fed drops their interest rates, you can pretty much guarantee that the US economy will follow Europe's.
We may be looking at a watershed moment.
SOURCE URL: http://www.bbc.com/news/business-34996922
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- 1Posted by CircuitGuy 9 years, 4 months agoThe US Fed is poised to tighten.| Mark as read | Best of... | Permalink
- 1Posted by $ blarman 9 years, 4 months agoJanet Yellen has been going on for several months on how they might raise the interest rate a quarter point (from it's dismal .25), but I don't see how that is going to happen with this move in Europe. If they did, European banks would immediately start moving their money to US banks to take advantage of the interest rate offset, and I think the Fed's way too in bed with the IMF and European banks to do that. I'll bet that the Fed does nothing and merely cites ongoing instability as their reason not to raise rates.| Mark as read | Parent | Best of... | Permalink
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