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Timothy, University Of Oregon, Torsten Sloc discussed on 90.3 KAZU Programming


On one oh one at canton roads each piece on the scene use caution if you are in the vicinity time is five forty five this is Casey you this is market place I'm chi result one of if not the big threat to chair policies to the American economy besides trade is what's going on in the rest of the world slower growth in China for sure but also Japan and Germany lots of places in Europe actually so central banks elsewhere have been cutting interest rates cutting so much that rates are actually negative so Evelyn orally from part of California one is no whether interest rates might go negative here as well marketplace Justin how has that one the idea that you have to pay a bank money for the privilege of depositing your money there honestly sounds insane make it three straight that the concept is really something is that make your head spin that's Torsten SLOC chief economist at Deutsche Bank he has a quarter of government and corporate bonds around the world have negative rates Timothy do is an economics professor at the university of Oregon yes you would get consumers Mr parking their money at the panic would have to park their money into other after that central banks use negative rates when there's a recession or when their economies are just weak Japan and Europe come to mind but here in the U. S. the economy is fine says Greg McBride at Bankrate Connelly is definitely the best house in that neighborhood the bride says interest rates are still pretty low though in every session hits in the fan has to cut rates further that only has so much room they can maneuver with interest rates before they get down to zero still he says interest rates would have to go far below zero the start affecting regular savers even in Europe it's mostly big institutional investors paying to deposit money but Horsens lock says if rates keep falling below zero people might withdraw their money from the banks and why wouldn't you why should I have my money in the bank with you when I instead can put it all out and put it in cash so keeping your money under a mattress isn't always.

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