Central #banking madness continues to wreak havoc everywh...

Central #banking madness continues to wreak havoc everywhere. Nordic banks are buckling under the financial lunacy of negative interest rates. The rates are not having stimulative effect while eroding bank profits. Debasing a currency has never resulted in sustainable prosperity, so why do central banks insist on doing it? https://finance.yahoo.com/news/depositors-next-nordic-banks-buckle-040000314.html #news #economy #finance #interestrates

Depositors Are Next as Nordic Banks Buckle Under Negative Rates

(Bloomberg) -- Ever since negative interest rates became a thing, banks have been too afraid to pass them on to retail depositors. That may be about to change.In Scandinavia, where sub-zero rates have been the norm longer than most other places, the finance industry has undergone several drastic adj...

finance.yahoo.com

Aug 11 2019 · 6:49 PM

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