
I noticed the Swiss Banks are going to charge negative interest about .25 of one percent on accounts to stimulate a drying up of deposits. Too many folks stashing money in the banks, the Swiss ones, because they think they will be safe there. With the banks in America borrowing money from the Federal Reserve and not needing deposits and assets on hand, they don't pay interest on deposits or very little, and the government taxes that little gain along with everything else. So negative interest is here until the depositor and his deposits become important again. Ever? I am sure that you have been stashing your excess in the market and causing the rise in the HISTORIC levels of value... I would tell you that the dollar doesn't buy what it once did, but then much of what we buy wasn't there long ago, and far away. Nice that oil prices have come down a bit.
About time to head out to the YMCA, for many virtual miles of sweat... hundreds of years ago there was enough real work to be done - now, not so much. Winter...
Heard all that Earl! Merry Christmas to you and yours!!!
ReplyDeleteMerry Christmas to you and family from all of us.
ReplyDelete