Friday, July 3, 2009

Negative Interest Rates ! just announced in Sweden... to stimulate spending & money velocity, depositors will be penalized with negative interest rates... Cliff Note: Will there be a "run" on deposits ? Will the money be spent ? or will it find its way to foreign banks that do pay interest?... http://www.forexyard.com/en/reuters_inner.tpl?action=2009-07-02T104227Z_01_L2601049_RTRIDST_0_SWEDEN-CBANK-UPDATE-3 and http://www.riksbank.com/templates/Page.aspx?id=32047

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