Negative Interest
Discussion
I thought that with the threat of negative interest rates looming, it would be useful to discuss the ramifications of it to us ‘ordinary folk’.
How will it affect our savings, investments, mortgages and pensions? How will it help the economy in the short and long term?
https://www.bankofengland.co.uk/-/media/boe/files/...
How will it affect our savings, investments, mortgages and pensions? How will it help the economy in the short and long term?
https://www.bankofengland.co.uk/-/media/boe/files/...
In April 2020 I predicted negative interest ‘in probably less than a year’. So looks like I’m a few months out on that one.
It seems like such a crazy upside-down idea, that you would have to pay someone to hold your money for you, but in reality it’s nowhere near as bats
t crazy as QE. Selling government bonds that have to be bought back, borrowing from a future when everything will be all rosy, when national debt is ever-increasing and will never be reduced.
The can has been kicked down the road, picked up by our future self and sold back to us for more than we paid for it.
It seems like such a crazy upside-down idea, that you would have to pay someone to hold your money for you, but in reality it’s nowhere near as bats
t crazy as QE. Selling government bonds that have to be bought back, borrowing from a future when everything will be all rosy, when national debt is ever-increasing and will never be reduced.The can has been kicked down the road, picked up by our future self and sold back to us for more than we paid for it.
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