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yatesdog38
Mississippi St. Fan
in your head rent free
Member since Sep 2013
7600 posts

Our president supports negative interest rates
wants to be more like Europe. Thoughts?

LINK


Stingray
LSU Fan
Shreveport
Member since Sep 2007
10818 posts

re: Our president supports negative interest rates
We gonna crush China.
The End.

ETA: Get in loser
This post was edited on 9/11 at 9:28 am


SDVTiger
Hawaii Fan
Off the Wall
Member since Nov 2011
35667 posts

re: Our president supports negative interest rates
Drive those rates into the ground

I will be crushing! MAGA


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128
wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
1759 posts

re: Our president supports negative interest rates
quote:

wants to be more like Europe


Hard pass


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140
funnystuff
Member since Nov 2012
5070 posts

re: Our president supports negative interest rates
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.


yatesdog38
Mississippi St. Fan
in your head rent free
Member since Sep 2013
7600 posts

re: Our president supports negative interest rates
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


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162
AlceeFortier
Member since Dec 2016
1711 posts

re: Our president supports negative interest rates
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.


KiwiHead
LSU Fan
Auckland, NZ
Member since Jul 2014
9905 posts

re: Our president supports negative interest rates
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!!!


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173
KiwiHead
LSU Fan
Auckland, NZ
Member since Jul 2014
9905 posts

re: Our president supports negative interest rates
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


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144
Skeezer
Member since Apr 2017
1383 posts

re: Our president supports negative interest rates
He is maybe the most inept president in history in regard to economics



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1215
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USA
Member since 2001
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Jyrdis
Auburn Fan
Member since Aug 2015
6826 posts

re: Our president supports negative interest rates
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.


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82
gthog61
Georgia Tech Fan
Irving, TX
Member since Nov 2009
46048 posts

re: Our president supports negative interest rates
You are lying again.


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35
Bard
LA-Monroe Fan
Tigerdroppings Platinum Member
Member since Oct 2008
33872 posts

re: Our president supports negative interest rates
Absolutely not.


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01
BhamDawg
Mississippi St. Fan
A Brewery
Member since Sep 2009
415 posts

re: Our president supports negative interest rates
"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."


rebelrouser
Furman Fan
Columbia, SC
Member since Feb 2013
3912 posts

re: Our president supports negative interest rates
totally disagree with him on this one.


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20
Geauxgurt
LSU Fan
Member since Sep 2013
6436 posts

re: Our president supports negative interest rates
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.


Geauxgurt
LSU Fan
Member since Sep 2013
6436 posts

re: Our president supports negative interest rates
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.


Janky
LSU Fan
Team Primo
Member since Jun 2011
26989 posts
 Online 

re: Our president supports negative interest rates
Pretty sure he is trolling with this thought.


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29
deltaland
Mississippi St. Fan
Member since Mar 2011
50849 posts

re: Our president supports negative interest rates
Negative rates are dumb and he should stay away from this. Our economy is fine without it


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30
yatesdog38
Mississippi St. Fan
in your head rent free
Member since Sep 2013
7600 posts

re: Our president supports negative interest rates
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 at 12:10 pm


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