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Old July 4th, 2009
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Default Coming to a bank near you? -.25% interest rates

Just when you thought a central bank couldn't come up with a dumber ideas to combat this economic mess Sweden's central bank, Riksbank has dropped their deposit interest rate to -.25%. Yup you read that right, they are now charging people to deposit money into their accounts.

It may sound totally off the wall but this is how worried central banks are and as nuts as it may be to think it could happen here it could:

http://globaleconomicanalysis.blogsp...gative-25.html

and remember people were buying treasuries at a 'small loss' only 9 months ago because they thought it was the safest place to put their money.
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