IMF chomping at the bit to introduce negative interest rates. They'll take the money right out of your bank account if you don't spend it. "Negative rate policies remain politically controversial" is putting it mildly.

submitted by Chipit from (blogs.imf.org)

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newinsightfulfun

[–]Bigs 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

So buy gold, silver, bitcoin and ethereum?

k

[–]ImHereForFinance 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Negative rates meaning that you can get paid to take out a loan. Sounds profitable. Rates are already negative relative to inflation because the true inflation numbers are much higher than reported. I doubt they will every pay you to take out a loan. they will simply have an interest rate that is lower than inflation

[–]Chipit[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Benefits only those who are already wealthy. Surprise surprise.

[–]ImHereForFinance 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Yes. Low interest rates benefit anyone with assets. At negative interest rate you can take a loan out on an asset , such as a house, they will pay you the full value of the asset and then you get to keep the house and only make payments that match or are less than inflation. That is why the rich keep getting richer with low interest rates. Problem is they decide your loan based on your assets. which is stupid because you assets have been inflated in price by low interest rates