I'm still trying to get my head around rates nearing zero, let alone negative rates. We're seeing that traditional monetary policy no longer works at rates this low, with markets just ignoring cuts.
Not even 10 years ago in Aus, we had rates over 5%. Just crazy how we've been sucked down to zero alongside the rest of the fucked up global economy and I believe have shot ourselves in the foot by doing so.
Just insanity.
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Yeah, just saw that New Zealand may have negative rates soon. More the reason to get a hold of some more Bitcoin and other cryptocurrencies.
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