Negative Interest Rates Forecasted

File: bitcoin-code.jpg (1MB, 1500x1050px) Image search: [Google]

1MB, 1500x1050px

http://www.telegraph.co.uk/business/2017/08/13/prepare-negative-interest-rates-next-recession-says-top-economist/?WT.mc_id=tmg_share_tw

>In a new paper published in the Journal of Economic Perspectives the professor of economics at Harvard University argues that central banks should start preparing now to find ways to cut rates to below zero so they are not caught out when the next recession strikes.

>Traditionally economists have assumed that cutting rates into negative territory would risk pushing savers to take their money out of banks and stuff the cash – metaphorically or possibly literally – under their mattress. As electronic transfers become the standard way of paying for purchases, Mr Rogoff believes this is a diminishing risk.


The rooster has come home to roost.