Archive for the ‘Beware the Money Changers’ Category
Money
Posted by: the daily messenger on May 19, 2017
Negative Interest Rates: A Tax in Sheep’s Clothing … A negative interest rate is just a tax on the banks’ reserves. The tax has to be borne by someone: The banks can choose not to pass it on and just have lower after-tax profits. This will depress the share price of banks and weaken their balance sheets by having lower equity values.
Posted by: the daily messenger on August 28, 2016
