Posts Tagged ‘negative’

Talking Disease

Posted: August 31, 2018 in Thought for the Day
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“Negative self-talk is like a disease.  It grabs a hold of you and doesn’t want to let go.” -Brian Tracy

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Positive Life

Posted: February 8, 2017 in Thought for the Day
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“You can’t live a positive life with a negative mind.” -Bravelets

“Politicians all over the world are predicting that banks will charge depositors (you) money for storing cash in negative interest rate currencies.  It’s a perversion of saving.  It’s a perversion of capitalism.  It’s a perversion of planning for the future.” -Brian Hunt

“Japan recently announced it was implementing a negative interest rate.  The central banks of Denmark, Norway, and the European Union are already using negative interest rates.  And last week, Janet Yellen, head of the Federal Reserve, said the Fed is considering it, too….  A negative interest rate means the price of money is below zero….  So why are central banks setting negative interest rates?  They’re experimenting.  They hope negative interest rates will lead people to spend more, and borrow more, and invest more.  They hope negative interest rates will lead to economic growth.  Why?  Because if it costs you to keep your money in the bank, you’ll have more incentive to take your money out and spend it.” -Tom Dyson

Money in the Bank?

Posted: February 9, 2016 in Economics
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“‘Almost a quarter of the world’s gross domestic product (GDP) now comes from countries with negative rates,’ According to an article in The Economist magazine this week.  In Sweden, for example, when you put your money in the bank, you don’t EARN interest anymore.  Instead, you have to PAY more than 1% a year just to keep your money in the bank.” -Steve Sjuggerud

Sweden, Denmark, and Switzerland all have negative interest rates.  Negative interest rates mean the lender literally pays the borrower for the privilege of lending him money. It’s a bizarre, upside-down concept.  But negative rates are not some European anomaly.  The Federal Reserve discussed the possibility of using negative interest rates in the U.S. at its last meeting.  When you deposit money in a bank, you are lending money to the bank.  However, with negative rates, you don’t earn interest.  Instead, you pay the bank.” -Nick Giambruno

“On Tuesday, the Italian government sold a 2-year note yielding MINUS 0.023%.  We don’t know what is more preposterous: that the Italians were able to borrow money at a negative nominal interest rate or that the press reported this transaction with a straight face….  But as long as rates remain below zero (and they could go lower!) money is not just free… it’s a cost not to borrow!…  Imagine you are buying a house…if a mortgage carries negative interest, it implies that the house (an equal capital value) also has negative value.” -Bill Bonner

Interesting times we are living in….