Subzero interest rate trend sends shivers through Asia
“Some economists are sounding the alarm. Excessively low interest rates decimate the profits of banks, forcing them to cut back on lending with negative effects on the economy, warned Markus Brunnermeier, an economics professor at Princeton University.”
USAGOLD note: This article explains in straight-forward language the potential effects of negative interest rates or ordinary citizens and the economy. Worth a read for those who would like to get ahead of the curve on the potential ramifications of current interest rate trends. . . . .