Thursday, September 5, 2019

Negative Interest Rates Coming to USA

What if next year your bank starts charging YOU to have a savings account?  If you said that you’d pull your money out and put it in you gun safe that’d be a good answer!  But if everyone does that it could cause a serious problem for the global financial system.  Friends, this is the first time in human history that negative interest has showed up and I believe it is a sign of serious problems in the system.
************************

It will not be long before the spread of negative interest rates reaches the U.S., former Federal Reserve Chairman Alan Greenspan said.

“You’re seeing it pretty much throughout the world. It’s only a matter of time before it’s more in the United States,” Greenspan told CNBC’s “Squawk on the Street” on Wednesday, adding investors should watch the 30-year Treasury yield.

The 30-year U.S. rate traded at 1.95% midday Wednesday. It reached an all-time low last week.

https://www.cnbc.com/2019/09/04/alan-greenspan-says-its-only-a-matter-of-time-before-negative-rates-spread-to-the-us.html

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home