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The prospect of negative interest rates should scare the hell out of everyone. No economy is close to being "great" with cries for negative rates. It is laughable and will all end very, very badly for most people. Negative rates are a black hole. Remember, they were supposed to be the magic solution for Europe and Japan. How did that turn out for them? Negative rates blow asset bubbles larger, encourage more bad debt and speculation, destroy pensions forced to invest in negative-yielding debt (why pensions are in such rough shape with ZIRP policies for a decade now), punish savers, and will have the unintended consequence of having people hoard their money.
Negative rates are very fiscally reckless and completely insane.
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Again, you are right...other people are wrong. Sometimes I think its intentional on their part. If the facts arent in your favor, then lie, right? POTUS is teaching everyone a lesson.
I actually read it somewhere, Ace. I just can't recall the source.
Ace. Cute. Doesn't change anything. Facts are facts, "I read something somewhere once" when there are 100 documented sources that contradict that, is...well its garbage.
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