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Blue_true

(31,261 posts)
24. Germany's economy has slowed dramatically since that country introduced negative interest rates.
Thu Sep 12, 2019, 09:35 PM
Sep 2019

So it is happening to the once strongest economy in Europe. Actually, all of Europe is stalled, the UCB also introduced negative interest rates relatively recently (about 1.5 years ago), initially they boosted growth, but now economies across the EU are stalling and headed toward a recession like in Germany. Merkel's party recently lost support to an ultra-rightist party in a recent election in a part of Germany, the reason was uncomfort about the economy (I am sure racism was in the mix, but why should racists use racism when the other side inflicts a wound on itself).

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same logic at play here as with taxes... Thomas Hurt Sep 2019 #1
I'm sitting with cash & money-market accounts.... lastlib Sep 2019 #2
Is Dumfuck trying to force moondust Sep 2019 #3
Probably so. I ain't gonna play his game willingly. eom lastlib Sep 2019 #4
Absolutely, 100% Calculating Sep 2019 #6
Yes. Which should make you question the actual value of equities. Yavin4 Sep 2019 #8
It must be a world wide conspiracy. former9thward Sep 2019 #21
Does Donny know any of that? moondust Sep 2019 #25
You might want to check out a stable asset fund for that money if you haven't already. ooky Sep 2019 #32
Luckily, I am long on insured investments CountAllVotes Sep 2019 #5
It'll be a real good way to goose the stock market ... just before it causes the bottom to fall out. Liberal In Texas Sep 2019 #7
People predict "the bottom falling out" on a weekly basis for years now. former9thward Sep 2019 #22
Germany has negative interest rates. The effect has been to slow it's economy because savers are Blue_true Sep 2019 #9
Correct...or they withdraw it and it becomes "mattress money". roamer65 Sep 2019 #12
Yes it becomes an investment because it is worth more buried in a backyard that in a bank. nt Blue_true Sep 2019 #13
The USA has never had negative interest rates. roamer65 Sep 2019 #14
All experts who aren't Trump asslickers think that negative interest rates will be enormously Blue_true Sep 2019 #17
Why is that not happening in Europe? former9thward Sep 2019 #23
Germany's economy has slowed dramatically since that country introduced negative interest rates. Blue_true Sep 2019 #24
What the heck are negative interest rates? Vinca Sep 2019 #10
You pay the bank for them holding your money. egduj Sep 2019 #11
Thanks for the reply. I had no idea. Vinca Sep 2019 #30
No. You pay the bank to hold your money in a savings account. Blue_true Sep 2019 #15
That's when I withdraw the cash. roamer65 Sep 2019 #16
Most people would to and in Germany, they are. nt Blue_true Sep 2019 #19
In Denmark, some have actually gotten negative interest rate mortgages. roamer65 Sep 2019 #18
I did not hear about that. Do banks have excess repossessed housing stock? Blue_true Sep 2019 #26
Danish Krone is in ERM2. roamer65 Sep 2019 #29
I remember when interest on savings was an leftyladyfrommo Sep 2019 #20
Same here, the widows and orphan's funds. Low, but adequate return, super safe. nt Blue_true Sep 2019 #27
Not good for seniors. demosincebirth Sep 2019 #28
The best move is to eliminate interest on Federal Reserve deposits. roamer65 Sep 2019 #31
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