Not sure what this means or if it will last long enough to have an impact
Logging in...
Looks like Negative Interest rates have arrived in the US
Collapse
X
-
Probably have a bigger affect on getting business to invest more using money that's sitting in cash reserve. And get people like Warren to invest more. This has very little effect on common Americans since their bank account is empty anyways.
Comment
-
-
I had not heard this. Here's a quick link for people like me who need a news story.Yields on both the one-month and three-month Treasury bills dipped below zero Wednesday"There is some ontological doubt as to whether it may even be possible in principle to nail down these things in the universe we're given to study." --text msg from my kid
"It is easier to build strong children than to repair broken men." --Frederick Douglass
Comment
-
-
I haven't watched that full video yet so forgive me for asking a question that it probably answers. With a positive rate, I get paid to leave my money there. With a negative rate, will I actually pay to leave my money there? If I deposit $1,000, will I only get back $995? If so, why would anyone ever do that? Why not just stash cash under the mattress?Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
Comment
-
-
Originally posted by disneysteve View PostI haven't watched that full video yet so forgive me for asking a question that it probably answers. With a positive rate, I get paid to leave my money there. With a negative rate, will I actually pay to leave my money there? If I deposit $1,000, will I only get back $995? If so, why would anyone ever do that? Why not just stash cash under the mattress?
Comment
-
-
These are negative rates for bonds not for savings accounts. From the article:
The negative rates, however, are not directly related to central bank policy. Fed officials have rejected the notion that the U.S. central bank might eventually take its policy rate below zero.
Comment
-
-
Originally posted by Thrif-t View PostThese are negative rates for bonds not for savings accounts.Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
Comment
-
-
Originally posted by disneysteve View Post
So could you buy a 10K bond and get back less than 10K?
Said if you let the gov't borrow 1000 you would get back 995 at maturity, made up numbers.
Comment
-
-
Originally posted by Thrif-t View Post
Yes! I listen to so many podcasts while I'm out walking I can't tell you who specifically had a question about this on one I listened to today. I believe it was a podcast called Jill on Money, maybe.
Said if you let the gov't borrow 1000 you would get back 995 at maturity, made up numbers.Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
Comment
-
-
I mean this just happened I'm sure those who bought in earlier didn't think about this happening. Not sure if anyone will buy new bonds now with negative interest rates.
They say it won't happen to our savings accounts but what if it does? It has in some places on Europe. What will you do?
Should we be locking into some long term cds with our savings??? I don't know? I pray it doesn't come to that, but I realize it might.
Comment
-
-
Originally posted by Thrif-t View PostThey say it won't happen to our savings accounts but what if it does? It has in some places on Europe. What will you do?
Should we be locking into some long term cds with our savings??? I don't know? I pray it doesn't come to that, but I realize it might.Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
Comment
-
-
So disneysteve will you be pulling your money out of the banks should they go to negative rates? Will you keep your cash at home in a safe?
Comment
-
-
Originally posted by Thrif-t View PostSo disneysteve will you be pulling your money out of the banks should they go to negative rates? Will you keep your cash at home in a safe?
Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
Comment
-
-
Originally posted by Thrif-t View PostSo disneysteve will you be pulling your money out of the banks should they go to negative rates? Will you keep your cash at home in a safe?
Comment
-
Comment