Central banks going full Zimbabwe! "The central message of this paper is that there are set of readily available approaches to enable DEEP NEGATIVE RATES that empowers the central bank"https://www.imf.org/en/Publications/WP/Issues/2019/04/29/Enabling-Deep-Negative-Rates-A-Guide-46598 …
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Replying to @100trillionUSD
Typical elitist economists
@ruchirup and@mileskimball working hard to destroy the life savings of the general public.2 replies 0 retweets 45 likes -
Consider this: from 2009 through 2016: -6% in 2009 0% in 2010 2% from 2011 on would have been better for savers than < .25 % from 2009 through 2015 and < .5 % in 2016 6% cumulative return instead of <2.25%. The negative interest rate counterfactual better for savers.
2 replies 0 retweets 1 like -
I'd rather just buy bitcoin, so that my savings are not vulnerable to monsters like you.
1 reply 1 retweet 1 like -
If you hold bitcoin at the moment the negative interest rate policy is announced, you should get a capital gain on the bitcoin. But thereafter, bitcoin, too, is likely to have a negative nominal return.
2 replies 0 retweets 0 likes
When Mars transits Pisces.
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