Negative Interest Rates

ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy

</header> <strong> European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel was speaking out in defense of negative deposit rates being …

ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy Read More »

Banks Are Cutting 75,700 Jobs Worldwide

</header> <strong>Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank, HSBC, and more. The negative interest rate environment and slowing economies have …

Banks Are Cutting 75,700 Jobs Worldwide Read More »

Andrew Yang’s ‘Freedom Dividend’ Is Not Only Unnecessary, It’s Unethical

</header> <strong>Andrew Yang has taken to Twitter in dynamic fashion as of late, advertising his universal basic income (UBI) proposal known as the “Freedom Dividend.” While throwing money at people out of pocket always generates a buzz, there’s a mathematically and ethically broken side to the plan few are talking about. </strong> Also Read: Do …

Andrew Yang’s ‘Freedom Dividend’ Is Not Only Unnecessary, It’s Unethical Read More »

ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’

</header> <strong>Newly installed European Central Bank President Christine Lagarde made controversial remarks in a recent statement prior to assuming her new role. The former IMF Managing Director implored: “isn’t it true that ultimately we have done the right thing to act in favour of jobs and of growth rather than the protection of savers?” Regarding …

ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’ Read More »

Do You Know the Newspeak of the Looming ‘NIRP’ Economic Meltdown?

</header> <strong>Negative and zero interest rate policy (NIRP and ZIRP) are becoming a new global norm. Endless printing of paper money is said to make economies stronger, while everyday individuals are seeing their savings worth less and less. These policies were traditionally viewed as last ditch, temporary measures to save economies, but are now increasingly …

Do You Know the Newspeak of the Looming ‘NIRP’ Economic Meltdown? Read More »

Low Interest Rates Are Crushing Young People and Fueling Global Riots

</header> <strong>There are currently riots going on in Chile, Hong Kong and Lebanon. While in every place they are caused by complex local issues, there is a global problem that is an underlying trend: low interest rates which make it impossible for young people to save for their future and at the same time push …

Low Interest Rates Are Crushing Young People and Fueling Global Riots Read More »

McKinsey: Majority of Banks May Not Be Economically Viable

<header class=”article__header”> </header> <strong>Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn.</strong> Also read: …

McKinsey: Majority of Banks May Not Be Economically Viable Read More »

Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits

</header> <strong>In a normal world savers are expected to receive compensation for giving their money to the bank. Instead, due to negative interest rates, we are now seeing more financial institutions actually charging their clients for fiat cash deposits, with Credit Suisse the latest big bank to join in on this practice.</strong> Also Read: Banking …

Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits Read More »

Bank of Japan Eyes Lower Rates for Halloween as Negative Global Trend Continues

</header> <strong>In a recent rate review meeting of the Bank of Japan (BoJ), bank governor Haruhiko Kuroda and others on the nine-member board urged leaving all options on the table, where further cuts to the country’s negative interest rate are concerned. The talk of further stimulus reflects an ever-growing trend in the world economy to …

Bank of Japan Eyes Lower Rates for Halloween as Negative Global Trend Continues Read More »