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Post by Merpes on Sept 11, 2019 12:09:55 GMT
Trump came out and said that the Fed should cut interest rates to zero or below and issue 50-100 year bonds. I’ve read about Denmark offering negative rate mortgages. We are living in bizarro world and perhaps watching the end of modern day monetary theory. SeemscEurope is so much further ahead of the US on this path so maybe one of our resident always naked Finnish posters can chime in.
I wouldn’t mind a negative interest 120 month car loan though.
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Post by stbhawks19 on Sept 11, 2019 12:45:14 GMT
I’m not sure I’d ever take financial advice from a guy who managed to bankrupt a casino, among several other businesses.
Perhaps he just wants lower interest rates on his large amounts of outstanding debt??
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Post by brendan on Sept 11, 2019 12:56:43 GMT
bankrupt a casino? a bunch of different times you mean?
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Post by lari on Sept 11, 2019 13:46:15 GMT
Low interest rates are generally a good thing, because it means there's a lot of available capital readily available. Money becomes cheap.
But it's not healthy if it lasts too long. Investments can get quite wild and risky. Investors compete who gets to throw away the most money. There will be backlash. You want capital to produce at least some return without risk - in Scandinavia it's been going on for about a decade at least and investors are losing capital.
I don't know how to avoid it though. It seems there's more investors than people wanting to borrow money. You could artificially increase interest rates via central bank, but that might affect negatively depending on how the market reacts. You don't really want those who have massive loans to go broke. But you want them to pay something to keep the wheels rolling. Or at least some of them.
Those 125 year mortgages may seem funny, but it's no better if people pay everything in cash. You want everything to be financed if you're the loaner. The idea is to prey on those who default, right? That's how credit cards work.
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Post by Merpes on Sept 11, 2019 14:35:37 GMT
If I pay for a sex change with a credit card and default, I’m not sure how the credit card company sees that as a win. There is no collateral other than a tiny little wee wee that is in a shoe box buried in the backyard next to the gold fish, cat, and mother in law.
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Post by brendan on Sept 11, 2019 14:49:38 GMT
you buried your mother in law in the backyard? the whoel service? or just the body in the box?
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Post by lari on Sept 11, 2019 15:11:39 GMT
you buried your mother in law in the backyard? the whoel service? or just the body in the box? Box? He'll go broke if he buys a casket everytime he gets stabby. Plastic bags work well enough. |
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Post by brendan on Sept 11, 2019 15:43:51 GMT
thats a lot of mother in laws.
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Post by Merpes on Sept 11, 2019 16:50:59 GMT
Arsenic is natural, right? Yeah, natural causes.
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Post by gadi on Sept 11, 2019 23:40:59 GMT
Pretty sure in Europe you still have to pay interest on loans and credit cards. It's only a negative rate when YOU are trying to park you money.
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Post by ballz09 on Sept 12, 2019 4:31:54 GMT
If I pay for a sex change with a credit card and default, I’m not sure how the credit card company sees that as a win. The bank would get the tax payers to bail them out everybody wins!!! |
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Post by lari on Sept 12, 2019 5:17:56 GMT
thats a lot of mother in laws. Just one, in 60 pieces. |
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Post by Merpes on Sept 12, 2019 11:58:54 GMT
Pretty sure in Europe you still have to pay interest on loans and credit cards. It's only a negative rate when YOU are trying to park you money. Pretty sure I saw negative rate mortgages being offered in Denmark. Fucking, Danes! |
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Post by Merpes on Sept 12, 2019 12:00:43 GMT
If I pay for a sex change with a credit card and default, I’m not sure how the credit card company sees that as a win. The bank would get the tax payers to bail them out everybody wins!!! We are already paying for soldiers to get their bits and pieces reconfigured so throw it on the tab. No one is gonna pay it anyway! |
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Post by lari on Sept 12, 2019 12:05:26 GMT
Pretty sure in Europe you still have to pay interest on loans and credit cards. It's only a negative rate when YOU are trying to park you money. Pretty sure I saw negative rate mortgages being offered in Denmark. Fucking, Danes! Maybe you can buy Greenland off them with negative interest payments. America then gets Greenland AND interest! |
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