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Old 02-04-2016, 03:35 PM
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Mary Pat Campbell
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Join Date: Nov 2003
Location: NY
Studying for duolingo and coursera
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http://mishtalk.com/2016/02/03/like-...nterest-rates/

Quote:
Negative Interest Rate Club

Eurozone: European Central Bank (ECB)
Switzerland: Swiss National Bank (SNB)
Sweden: Swedish National Bank (Riksbank)
Denmark: Danish National Bank (Nationalbanken)
Japan: Bank of Japan (BoJ)


Right Over the Cliff


In the inane attempt to get consumers to spend more money and to stave off threats of consumer price deflation, central banks keep punishing the prudent as well as those on fixed incomes.

Low interest rates foster economic bubbles. And it’s asset deflation not CPI deflation that central banks ought to fear. Even the BIS agrees with that statement. For discussion please see Historical Perspective on CPI Deflations: How Damaging are They?


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