7 years ago
3
Negative Rates for the People Arrive as German Bank Gives In
When the European Central Bank introduced a negative interest rate on lenders’ deposits two years ago, few thought things would ever go this far.
Continue Reading
http://www.bloomberg.com
Join the Discussion
“With our business clients there’s been a negative rate for quite some time, so why should it be any different for private individuals with big balances?,” Josef Paul, a board member of the bank
Well of course. Prick.
Have you guys heard of deflation? Maybe you can give a call to your former allies (Japan) and ask them how that's worked for them.
Good time to own some cryptocurrency! ;)
Look it up!