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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (256444)	6/24/2010 10:00:26 AM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 306849

Retailers really falling off a cliff this morning....

To: TH who wrote (256444)	6/24/2010 10:18:14 AM
From: RetiredNow	Read Replies (1) \| Respond to of 306849

TH, have you seen this article? What struck me about it is that I've always wondered if in our headlong rush to socialism amid these Keynesian policies, if there is the possibility that our government will eventually start confiscating private wealth in ways other than through taxation. Well, this article answers my question and the answer is that there is a decent possibility that it can happen. They can do it by tipping interest rates into negative territory. Imagine if you hold 100% US cash, like I do. What if the banks started CHARGING me money to hold cash in their institutions? Sound crazy? Well, what if no other asset was safe, so banks would charge you a safety premium to let you hold cash in their banks! This action would probably be preceded by the Fed started paying banks to borrow their funds, aka negative Fed rates. Food for thought. What's Ben Gonna Do? zerohedge.com