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REPORT COPYRIGHT VIOLATION IN 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 |
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Post Content
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...
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? 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... What about bonds? Generally when rates rise bonds fall, but it's difficult to predict because emotion runs the markets, not mathematics...
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