REPORT ABUSIVE REPLY
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Message Subject
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LMFAO!!! TRUMP demands 0% or NEGATIVE INTEREST RATES!!!
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Poster Handle
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BRIEF |
Post Content
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How exactly would negative interest rates work in this country?
Quoting: NDFarm It would cost you money to have savings...banks would charge interest instead of paying you... Quoting: BRIEF So... If the Fed cuts interest rates to zero or negative interest rates, regular banks would follow suit? Or is this only for the Fed which finances our National debt? Quoting: Éireann The key interest rate the Feds like to play with is the overnight lending rate from one bank to another. At a zero rate they can't make money so they charge you and I just to have cash there to pay bills with, but it gives borrowers very cheap loans. Loans are how businesses grow and new ones start up...credit card interest is often tied to the prime rate, so credit card debt becomes cheaper too...nearly free loans can cause explosive growth...
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