You are here
Europe dove into negative rates and now can't find a way out
By Catherine Bosley
Wednesday, July 17, 2019
Europe's unconventional experiment with negative interest rates to spur economic growth and inflation is looking like a trap.
Five years into what was supposed to have been a temporary shot in the arm for the euro area, the European Central Bank still hasn't achieved its goals and may be about to push rates even lower. Japan, Switzerland, Sweden, and Denmark have also stepped over the zero bound, once seen as the lower limit for monetary policy.
... Dispatch continues below ...
Buy metals at GoldMoney and enjoy international storage
GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:
With global economic growth slowing, negative rates are staying around. But the longer they persist, the louder the criticism grows. They're blamed for weakening banks, expropriating savers, keeping dying companies on life support, and fueling an unsustainable surge in corporate debt and asset prices. ...
... For the remainder of the report:
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit: