What Will Negative Rates Mean For You? By Gregory Mannarino
President Trump now calling for negative rates....
What will negative rates mean for you? The banks will CHARGE YOU to keep your cash in them. Rates where they are now are robbing savers blind, negative rates is literal theft... Thank you Mr. President...
ZIRP NIRP will drive asset price further up as people is force to chase however little yield they can get.
Smart people may just buy lots of supplies instead of leaving in bank. Laundry detergent comes to mind as something that won't expire and can be bartered.