The Fed Wants to Test How Banks Would Handle Negative Rates

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Maverick

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Not a good thought......

"As interest rates turn negative around the world, the Federal Reserve is asking banks to consider the possibility of the same happening in the U.S.

In its annual stress test for 2016, the Fed said it will assess the resilience of big banks to a number of possible situations, including one where the rate on the three-month U.S. Treasury bill stays below zero for a prolonged period."

http://www.bloomberg.com/news/artic...zero-is-bank-stress-fed-wants-to-test-in-2016
 
Yeah. My dad-in-law & I were talking about that today. Not good at all. I guess you also saw, the dollar nose-dived today. Well, 'nose-dived' may be a little strong. But it dropped nearly 2%. The most since March of last year.
 
I keep telling folks. Economic collapse is imminent. Definitely WILL happen, just a matter of how soon, but I think within the next 5 years, unless something drastic changes.
 

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