Negative interest rates

[cottonpicken]

If wishes where kisses I would ask polo one thing at his news conference yesterday

If zirp is so great why did we not always have it?

After he said something stupid I would say well its because we are so ****ed

Then if he said anything I'd show him the math. What is a 5% move on a 600 billion debt pile kick in another six hundred provincially with a people who already giving half their wealth in tax

Tax the wealthy tax the wealthy bla bla bla

Take the wealth of the Forbes five hundred and you balance the budget for a year. And then what?

[biglentil]

There is one manufacturing sector doing very well Smith & Wesson sales have tripled in last 3 months.

[agchat]

If the states do raise and we lower, our dollar will plummet. Was told this morning, I am lucky, at least I know how to harness a horse. Lol.

[Gofer]

Invest in a Lemkin or Pro Till ??? $100 Big ones and high maintenance for what. Going back to recreational tillage.
Our yields and soil have never been better than since we went Direct seeding/No Till

[TOM4CWB]

Interesting thought,

Lower deficit through negative interest rates... Gov gets income on gov debt... bank profits... interesting turn of events.. give the 40 percent of workers... that work for gov at all levels... a tax hike by lowering interest rates!

Who would have thought... in 1982... that a central bank of Canada would now... in 2015... be preparing us for negative interest rates... and blowing the value of the CDN$...

WOW... the times are changing! Inflation... at any cost!

[oneoff]

Well maybe hundred dollar bills in a safety deposit box is preferable to having deductions from a bank balance.
That move, by a large enough group of depositors might have more effect on banks, regulators and bankers attitudes than some might imagine.

A whole lot like grain marketing systems where farmers are super pleased at 5 cents more per bushel at any given marketing day. As if that is significant; and makes much difference when thousands and hundreds of thousands are lost (or could be wone) in other transactions and input costs etc

[errolanderson]

Tom. . . and for the U.S. Fed to go it alone on a rate hike while all other central banks are cutting rates in this global deflationary and disinflationary environment is insane.

If the decision turns into a bad experiment, the U.S. economy could quickly stall forcing even the Fed to head for negative rates within the year.

[sumdumguy]

I suspect, not going to happen.

[errolanderson]

Sumdum . . . you may be right

Citibank warning of pending U.S. recession . . . .

http://www.cnbc.com/2015/12/09/citi-seven-warnings-signs-for-stocks-in-2016.html

[SASKFARMER3]

This worries me. Big time.