Banks are offering Negative interest rates! will this help BTC
I pulled/quoted some of the article under the link
https://www.yahoo.com/finance/news/negative-interest-rates-japan-germany-france-150324580.html
"What if I said I wanted to borrow $100 from you and pay you back $99 five years later? Would you do it?
Hell no!
And yet this is exactly whats happening right now in the banking systems of Japan, Germany, France, and other European countries.
Negative interest rates where the lender gets paid back less than theyve loaned now add up to 30%, (and counting), of the global tradable bond universe, according to JPMorgan (JPM). You may have seen for instance that Germany just sold the first negative yielding 30-year bond issue.
In case youre wondering, yes, this is crazy.
Its really unusual and really distorting the global financial system, says Torsten Slok, chief economist at Deutsche Bank Securities (DB). I spend all my time talking about it.
This is not going to end well
Negative rates are counterintuitive, unprecedented and to my mind mind-bendingly insane and downright scary. They are like a parallel universe where everything youve ever learned about finance and human behavior is turned upside down. ..."
Note I was amazed to read this new twist on reality.
Can you imagine buying a negative yielding 30-year bond issue?
I can't but germany did
wtf?
https://www.yahoo.com/finance/news/negative-interest-rates-japan-germany-france-150324580.html
"What if I said I wanted to borrow $100 from you and pay you back $99 five years later? Would you do it?
Hell no!
And yet this is exactly whats happening right now in the banking systems of Japan, Germany, France, and other European countries.
Negative interest rates where the lender gets paid back less than theyve loaned now add up to 30%, (and counting), of the global tradable bond universe, according to JPMorgan (JPM). You may have seen for instance that Germany just sold the first negative yielding 30-year bond issue.
In case youre wondering, yes, this is crazy.
Its really unusual and really distorting the global financial system, says Torsten Slok, chief economist at Deutsche Bank Securities (DB). I spend all my time talking about it.
This is not going to end well
Negative rates are counterintuitive, unprecedented and to my mind mind-bendingly insane and downright scary. They are like a parallel universe where everything youve ever learned about finance and human behavior is turned upside down. ..."
Note I was amazed to read this new twist on reality.
Can you imagine buying a negative yielding 30-year bond issue?
I can't but germany did
wtf?