Danish banks are experimenting with negative interest rates. The contagion in Germany is starting to spread throughout Europe. The coming recession is likely to be steep and painful. https://www.marketwatch.com/story/a-danish-bank-is-offering-mortgages-with-negative-interest-rates-why-you-shouldnt-wish-for-that-to-happen-in-the-us-2019-08-12 #news #economy #banking #finance #interestrates
When a mortgage rate is negative, a borrower must still make monthly payments, but they pay back less than what they owe .
marketwatch.com
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