02/25/2016 - Negative Interest Rates = Weapons Of Mass Confiscation
Danielle DiMartino Booth looks at the trends & risks associated with negative interest rates & the abolishment of physical cash .. points out how non-working wives in the past used cash to maintain their lifestyles regardless of where the business cycle may have been .. It’s with good reason that The Lindsey Group’s Chief Market Analyst Peter Boockvar calls negative interest rates ‘weapons of mass confiscation.’ That is the very essence of negative interest rates. And yet the brain trust that dreamed them up has deluded itself into believing they will force lending into the economy when they will do no such thing.” .. DiMartino Booth hope Federal Reserve Chairwoman Janet Yellen will take a cue from the wives saving & using cash to weather business cycles.
