Started By
Message
locked post

Our president supports negative interest rates

Posted on 9/11/19 at 9:25 am
Posted by yatesdog38
in your head rent free
Member since Sep 2013
12737 posts
Posted on 9/11/19 at 9:25 am
wants to be more like Europe. Thoughts?

LINK
Posted by Stingray
Shreveport
Member since Sep 2007
12420 posts
Posted on 9/11/19 at 9:27 am to
We gonna crush China.
The End.

ETA: Get in loser
This post was edited on 9/11/19 at 9:28 am
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
73772 posts
Posted on 9/11/19 at 9:27 am to
Drive those rates into the ground

I will be crushing! MAGA
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11113 posts
Posted on 9/11/19 at 9:27 am to
quote:

wants to be more like Europe


Hard pass
Posted by funnystuff
Member since Nov 2012
8330 posts
Posted on 9/11/19 at 9:59 am to
That would be really dumb. We already have one of the lowest savings rates in the developed world; pushing it down more will only increase government dependency over the long run.


Let’s save our rate decreases for a struggling economy. We don’t need it while we’re still growing steadily.
Posted by yatesdog38
in your head rent free
Member since Sep 2013
12737 posts
Posted on 9/11/19 at 10:03 am to
exactly. This is hurting old people. risk free assets aren't keeping up with inflation so you have older people taking more risk. I think the this will be one underlying factor in the next bubble whenever it may come to fruition
Posted by AlceeFortier
Member since Dec 2016
1795 posts
Posted on 9/11/19 at 10:17 am to
trump is just short term looking to give himself a nearsighted boost. his plan is economically long term unsound but donnie does not care about anyone but donnie.
donnie first. working man second.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
27545 posts
Posted on 9/11/19 at 10:35 am to
Stupid move. Very stupid. Stupendously STUPID. That is a desperation move to kickstart a floundering economy. Sure, gut bond holders. Discourage any type of saving and give welfare to Goldman, BOA,City and JPM Chase.

We still have about 3% annualized growth. Did I say this is FRICKIN STUPID!!!
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
27545 posts
Posted on 9/11/19 at 10:40 am to
quote:

We gonna crush China.

Great...and frick American bond holders in the process

Hey, dimwit, loan me 1000.00, I'll pay you back...eh, most of it.OK
Posted by Skeezer
Member since Apr 2017
2296 posts
Posted on 9/11/19 at 10:43 am to
He is maybe the most inept president in history in regard to economics

Posted by Jyrdis
TD Premium Member Level III
Member since Aug 2015
12799 posts
Posted on 9/11/19 at 10:45 am to
quote:

We already have one of the lowest savings rates in the developed world; pushing it down more will only increase government dependency over the long run.


Can’t be stated enough.
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 9/11/19 at 11:13 am to
You are lying again.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51652 posts
Posted on 9/11/19 at 11:17 am to
Absolutely not.
Posted by BhamDawg
A Brewery
Member since Sep 2009
441 posts
Posted on 9/11/19 at 11:31 am to
"Charles Schwab is laying off 600 workers in response to a slowing economy and pressure from slumping interest rates, the company said. The cuts represent about 3% of the bank’s workforce and comes across all sectors amid an effort to streamline expenses as net interest revenue comes under pressure."
Posted by rebelrouser
Columbia, SC
Member since Feb 2013
10627 posts
Posted on 9/11/19 at 11:45 am to
totally disagree with him on this one.
Posted by Geauxgurt
Member since Sep 2013
10460 posts
Posted on 9/11/19 at 11:46 am to
Have people pay banks to hold their money?

No offense, but sounds like Trump is wanting to make his banking buddies some money. This is pathetic.
Posted by Geauxgurt
Member since Sep 2013
10460 posts
Posted on 9/11/19 at 11:48 am to
quote:

"Charles Schwab is laying off 600 workers in response to a slowing economy and pressure from slumping interest rates, the company said. The cuts represent about 3% of the bank’s workforce and comes across all sectors amid an effort to streamline expenses as net interest revenue comes under pressure."


Banks have been bailed out enough. This is getting ridiculous.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 9/11/19 at 11:51 am to
Pretty sure he is trolling with this thought.
Posted by deltaland
Member since Mar 2011
90636 posts
Posted on 9/11/19 at 12:00 pm to
Negative rates are dumb and he should stay away from this. Our economy is fine without it
Posted by yatesdog38
in your head rent free
Member since Sep 2013
12737 posts
Posted on 9/11/19 at 12:09 pm to
Banks don't make money in negative or low interest rate environments.

Institutional trade desks make money because the banks start cutting their lending departments because it isn't as profitable. The banks go to buy agencies, mortgage backed securities, and other debt. It is cheaper because buying debt doesn't require them to have whole departments to employ analysts and originators etc.
This post was edited on 9/11/19 at 12:10 pm
first pageprev pagePage 1 of 3Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram