Hi @jrcornel
With QE, printing money based on debt, printing and pumping even more into REPO market .... well, we're surely heading towards difficult "reality check" sooner than later.
A time when all the world's problems are solved by printing more and more money.
I think, that this solution is working fine and will be working fine as long as we will all believe in value of those printed money.
You will likely experience negative interest rates
Do you think that negative interest rates would indeed boost spending? Or will people start saving their money even more now, knowing that whatever interest rates on their savings they had before ... it's already gone.
Yours,
Piotr
I can't see why anyone would save anything with negative interest rates to be honest, so yes it should encourage people to spend more.