Home » Posts tagged 'negative interest rates' (Page 9)
Tag Archives: negative interest rates
Bank Of Ireland Bans “Small” Cash Withdrawals At Branches
Bank Of Ireland Bans “Small” Cash Withdrawals At Branches As central planners the world over grapple with the effective “lower bound” that’s imposed by the existence of physical banknotes, there’s been no shortage of calls for a ban on cash. Put simply, if you eliminate physical currency, you also eliminate the idea of a floor […]
Yellen Tells Congress Negative Interest Rates Are Possible
Yellen Tells Congress Negative Interest Rates Are Possible Reuters has reported that Yellen told a House of Representatives committee when testifying before Congress: “Potentially anything – including negative interest rates – would be on the table. But we would have to study carefully how they would work here in the U.S. context.” Yellen may have been placating […]
Time to Keep Your Cash in the Microwave?
Time to Keep Your Cash in the Microwave? The Fed’s Big Pivot NORMANDY, France – “Now, I think I’ve seen everything” is an expression that – like “this is the end of history” and “I’ll never leave you” – usually turns out to be premature. But it is what we found ourselves saying yesterday. Not […]
This Is Actually Going To Happen Next Year
This Is Actually Going To Happen Next Year The intellectual groundwork is being laid for the next stage of the Money Bubble, and it’s going to be epic. Here are excerpts from two articles that appeared over the weekend (and which should be read in their entirety). Both deal with Japan, which went all-in on debt […]
Cash Withdrawal Limits and “Bank Holidays” Coming
Cash Withdrawal Limits and “Bank Holidays” Coming Concerns that next crisis may be imminent Bail-ins, withdrawal limits and negative interest rates may be imposed FT proposes a ban on “barbarous relic” cash Central banks would have people “completely under their control” – Bonner Gold in safe jurisdictions will again protect wealth Collapsing commodities prices, erratic […]
Central Banks Ready To Panic — Again
Central Banks Ready To Panic — Again Less than a decade after a housing/derivatives bubble nearly wiped out the global financial system, a new and much bigger commodities/derivatives bubble is threatening to finish the job. Raw materials are tanking as capital pours out of the most heavily-impacted countries and into anything that looks like a […]
Get Ready For Negative Interest Rates In The US
Get Ready For Negative Interest Rates In The US With Fed mouthpiece Jon Hilsenrath warning – in no lesser status-quo narrative-deliverer than The Wall Street Journal – that The ECB’s actions (and pre-emptive collapse in the EUR) means the U.S. economy must deal with a rapidly strengthening dollar that will make American goods more expensive abroad, potentially slowing […]
The Consequences of Imposing Negative Interest Rates |
The Consequences of Imposing Negative Interest Rates |. Negative Interest Rates and Capital Consumption Ever since the ECB has introduced negative interest rates on its deposit facility, people have been waiting for commercial banks to react. After all, they are effectively losing money as a result of this bizarre directive, on excess reserves the accumulation […]
It begins: German bank charging NEGATIVE interest to its customers
It begins: German bank charging NEGATIVE interest to its customers. Don Quixote is easily one of the most entertaining books of the Renaissance, if not all-time. And almost everyone’s heard of it, even if they haven’t read it. You know the basic plot line- Alonso Quixano becomes fixated with the idea of chivalry and sets […]
The Wrath of Draghi: First German Bank Hits Savers with ‘Negative Interest Rates’ | Wolf Street
The Wrath of Draghi: First German Bank Hits Savers with ‘Negative Interest Rates’ | Wolf Street. Deutsche Skatbank, a division of VR-Bank Altenburger Land, which was founded in 1859, is not the biggest bank in Germany, but it’s the first bank to confirm what German savers have been dreading for a while: the wrath of […]
