01/31/2016 - Negative Interest Rates Show Desperation By The Central Banks Of Heavily Indebted Countries
Commentary on Japan’s decision to join countries such as Denmark, Switzerland, Sweden & others on imposing negative interest rates .. more than a 1/5th of the world’s GDP is now covered by a central bank with negative interest rates .. the BBC writes: “The country is desperate to increase spending and investment.” .. commentary: “Japan has been desperate to boost consumer spending for years. At one point it even issued shopping vouchers to stimulate demand.” .. The New York Times writes: “Moving to negative rates reflects a measure of desperation on the part of central banks. Their traditional tools have been largely exhausted, as most countries’ interest rates have been pushed to almost nothing.” .. commentary: Negative rates will eventually come to America. Central bankers are implementing negative interest rates to force savers to buy assets … so as to artificially stimulate the economy.”
link here to the article & links
