This is getting concerning...
[quote=http://www.cnbc.com/2016/03/16/reuters- ... rates.html]German reinsurer Munich Re is boosting its gold and cash reserves in the face of the punishing negative interest rates from the European Central Bank, it said on Wednesday.[/quote]
[quote=http://www.bloomberg.com/news/articles/ ... -territory]The interest rate to borrow yuan overnight in Hong Kong fell into negative territory for the first time, spurring speculation lenders are trying to trim deposits to limit the amount of funds that will be locked up as part of a new rule imposed by China’s central bank.
The overnight Hong Kong Interbank Offered Rate plunged 4.77 percentage points to minus 3.725 percent, according to a Treasury Markets Association fixing. All other tenors were positive, with the one-week rate falling to 1.24 percent and the one-month declining to 1.85 percent, the lowest in data going back to June 2013.[/quote]
The War on Cash
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MachineGhost
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The War on Cash
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"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!