[CodeJockey]

The Fed does not have a clue. Obviously low interests are the problem. Raise them to 5% so savers could get a decent return on their savings and people would spent those earnings.

A lot of folks look at their principal balance as their earnings engine and don’t want to touch that.

The paradox is that if they go negative wanting you to withdraw your savings and spend it, good luck getting any significant amount from your account. The banks just won’t have it.

[Freedom56v2]

The Fed does not have a clue. Obviously low interests are the problem. Raise them to 5% so savers could get a decent return on their savings and people would spent those earnings.

A lot of folks look at their principal balance as their earnings engine and don’t want to touch that.

The paradox is that if they go negative wanting you to withdraw your savings and spend it, good luck getting any significant amount from your account. The banks just won’t have it.

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If negative rates should become a reality, do you think that various zero or minimal interest options might emerge...for example, I have brokerage accounts that have savings and checking options. Also wondering about credit unions.
I am sure the mega-rich will take their money off-shore...I am just wondering about options for the “little people”...