GOLD 0.51% $1,391.7 gold futures

negative interest rates on the way

  1. 2,063 Posts.
    With very little fanfare Sweden has been the first Central Bank (country) in the world to adopt negative interest rates in the hope of getting money out of banks and back on the street;

    http://www.ft.com/cms/s/0/5d3f0692-9334-11de-b146-00144feabdc0.html?&nclick_check=1

    My comment; The problem is people arent spending money with the gay abandon that central banks and their buddies in power think they should. If people are so stupid to leave their money in the bank and expect a positive return after inflation what should they expect? Should be good for matress sales....
 
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