OMG Ignacio might have been right!!! S_C_A_R_E_E_E_Y !!!
The Fed Wants to Test How Banks Would Handle Negative Rates https://t.co/jobCLluV3O by @RichMiller28 via @business
— Richard Jones (@RJ_FXandRates) February 2, 2016
The Fed Wants to Test How Banks Would Handle Negative Rates https://t.co/jobCLluV3O by @RichMiller28 via @business
— Richard Jones (@RJ_FXandRates) February 2, 2016
2 comments:
Translating: "We want to test how the banks are going to pass this tax on their users".
If it's like -0.1% it's not going to have a big policy impact, and will be passed through dubious fees and crap like that.
CB's going NIRP is admission that QE doesn't work IMO.
"CB's going NIRP is admission that QE doesn't work IMO."
And in a little while when neg interest doesn't "work" we'll here some CB type lamenting " Well we GAVE them money with QE and they didn't lend it, then we took it away with neg interest and they didn't lend it, what the hell else can we do?!!" It'll never occur to a banker that running things through the loan channel won't get it done.
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