[Chgogal]

Talk about vomit? German Banks are charging retail customers........

http://www.zerohedge.com/news/2014-11-04/it-begins-german-bank-charging-negative-interest-its-retail-customers

On November 1st, the first European bank has passed along these negative interest rates to its retail customers.

So if you maintain a balance of more than 500,000 euros at Deutsche Skatbank of Germany, you now have the privilege of paying 0.25% per year… to the bank.

[expat_panama]

	Wedesday, November 5, 2014
	Markets		yesterday		today
	metals		Gold trading at $1,146.85 & silver to $15.31		Futures @ 4 hrs. before opening -2.33%
	stocks		Early hedging/profit taking --"Quiet losses in mixed volume"		Futures +0.31%

--election's over and appeared to end well!  This morning's reports: ADP Employment Change, ISM Services, and Crude Inventories.  News:

Investors eye opportunities as Republicans take U.S. Senate GOP seizes the Senate: Here's how it will impact investors

Toyota raises full-year profit forecastBBC News - 42 minutes agoJapan's biggest car manufacturer, Toyota, has raised its full-year profit forecast by 12.4%, citing a weaker yen and cost cutting efforts.

 FOREX-Dollar up after US elections, euro weakness to test SNB's floor Reuters - 1 hour ago ... * Yen falls as risk appetite grows after U.S. election results. * Euro at two-year lows against Swiss franc. * Dollar index up 0.2 percent.

U.K. Services Index Slumps to 17-Month Low as Economy Cools Bloomberg - an hour ago Growth at U.K. service companies slowed to the least in 17 months in October as demand cooled, preventing companies from raising prices.

GOP seizes the Senate: Here's how it will impact investors

[expat_panama]

imho that's understandable w/ a commercial bank considering all the check processing/accounting services they furnish. What I'm baffled about is how just over the boarder in Switzerland the gov't bonds have been sold at negative interest for some years now. That has got to be some kind of forced market distortion, like maybe certain businesses are required by law to buy 'em or something.