negative interest rates

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planteria
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negative interest rates

Post by planteria » Tue May 26, 2020 4:06 pm

could you have to pay your bank to save money?

https://www.bbc.co.uk/news/business-52772950
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Re: negative interest rates

Post by macliam » Tue May 26, 2020 4:20 pm

Could be a boom time for matresses and shotguns......

Another move to increase the indebtedness of the general population, first increased access to "credit", second, penalising savers. A population in debt is a population that can be manipulated....
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Re: negative interest rates

Post by AAAlphaThunder » Tue May 26, 2020 6:06 pm

Everyone else is doing it.

It just seems very unfair on the people who have scrimped and saved (me included).
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Re: negative interest rates

Post by planteria » Tue May 26, 2020 10:31 pm

i don't really go along with the conspiracy macliam, the fact is that they're trying to stimulate by lowering rates further and further.. but it's a real mess. it might take a while, but inflation ahead.

and gold/silver/bitcoin could be set to really benefit AAAT. not sure what to think re equities. on one hand the qe finds it's way in to the markets, and bloated corporate debt would inflate away too.. but it has to be risky.
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Re: negative interest rates

Post by AAAlphaThunder » Wed May 27, 2020 7:28 am

planteria wrote:
Tue May 26, 2020 10:31 pm
i don't really go along with the conspiracy macliam, the fact is that they're trying to stimulate by lowering rates further and further.. but it's a real mess. it might take a while, but inflation ahead.

and gold/silver/bitcoin could be set to really benefit AAAT. not sure what to think re equities. on one hand the qe finds it's way in to the markets, and bloated corporate debt would inflate away too.. but it has to be risky.
Risky yes, be sure to not keep all of your eggs in one basket.
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Re: negative interest rates

Post by rayf » Wed May 27, 2020 1:26 pm

"Now, the Bank of England has signalled that it may take the cost of borrowing below zero"

Surely the answer is to borrow more than you save??
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Re: negative interest rates

Post by planteria » Wed May 27, 2020 2:07 pm

yes rayf :) a good use for borrowed funds?
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Re: negative interest rates

Post by pabenny » Wed May 27, 2020 2:33 pm

Gold? At record highs. No thanks
Bitcoin? A prime example of the Greater Fool theory.
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Re: negative interest rates

Post by planteria » Wed May 27, 2020 7:46 pm

i'd be prepared to bet that Gold is higher priced, in pounds, a year from now than it is today?
i'd be prepared to bet that Bitcoin is higher priced, in pounds, a year from now than it is today?
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Re: negative interest rates

Post by Luke_PieStalker » Wed May 27, 2020 11:21 pm

Id rather buy a sunderland fc season ticket than pay the banks to have my money.
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