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October 12, 2015
Fed officials seem ready to deploy negative rates in next crisis
For instance, $100 in the bank would be worth only $98 after a certain period.
Oh, yeah. That will definitely entice me to spend the money frivolously on the discretionary purchases that keep this economy rolling. Count on it. Hell, might even get my hair cut once a week instead of every few months.
Too much sarcasm? Seems excessive again!
Is it any wonder that I still find value in long-term treasury inflation-protected securities (TIPS)? Pry them from my cold dead fingers I say.
Special note to short-term savers still holding out hope for the long-term future. Good luck on that.
This is not investment advice.
April 19th COVID Update: Weekly Deaths Decreased
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[image: Mortgage Rates]Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
*It is likely that we will see pandemic lows for...
11 hours ago
2 comments:
If the Fed imposes negative rates, I might have adopt a negative sarcasm policy.
Instead of the use of irony to mock or convey contempt, I might have to employ contempt to convey irony.
Mr Slippery,
Hahaha!
I think I may just double down on sarcasm instead.
"Oh, yes. They sure are incompetent." *eye roll* *eye roll*
Just like two wrongs can potentially make a right, two sarcasms can potentially make a truth. ;)
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