NIRP Strikes: Spain To Create Tax On Bank Deposits | Zero Hedge
With many central banks around the world starting to charge for deposits due to a negative interest rate, what have you done to prepare your clients for this scenario?
I am pretty sure most advisors and agents have never even thought of this scenario, but it's happening.
If the central banks cut the interest rate to maintain 300T + from imploding our financial system, then most banks will have to start charging interest on deposits.
What will annuities, bonds, CD's look like at that point? I wonder what IUL caps will look like...
Will a negative interest rate be an economic positive?
Jesse's Café Américain: Alan Blinder: The Fed Should Pay the Banks Negative Interest Rates on Reserves
Making the case for negative interest rates - Fortune
Mining shares: Negative Rates Set Stage for Massive Bull Market | Swing Trading