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To: Return to Sender who wrote (71541)2/10/2016 7:11:47 PM
From: robert b furman1 Recommendation

Recommended By
The Ox

  Read Replies (2) | Respond to of 95420
 
Hi RtS,

A fellow on Bloomberg said today that negative interest rates would not happen here in the US,because we have money market funds - that by law have to be valued at one dollar.

Apparently Euroland does not have money market funds.

I'm getting a little tired of every one crying wolf about the US following europe.

It seems to me we were the first to have QE and it dropped our dollar and we recovered.

We were the first to dilute the bank stocks and create greater capital cushions.

Now we have the strongest banks in the World.

While all along the Euro banks have been talking about selling assets - and yet they don't want to take the medicine as they weakly languish.

These guys have cheated on commodities , Libor, tax dodges, illegally handling sanction money, and still they are cheaters and smoke and mirrors about nonperforming assets.

Japan did the same crap and they still have never recovered.

Greenland or was it Iceland, and Ireland all took the bad medicine and are on the road to recovery.

Let these crooks and poorly run banks go belly up and Euroland too will recover.

I think its time we tell the fancy boys to chug the medicine and get ready to die or get better.

I'm tired of fear mongers telling me contagion will spread to the US - we have taklen the medicine - diluted bank shares and reduced dividends all while building capital.

We're getting better and it time for those who won't take the medicine to quit threatening our success with their timidity.

Rant over.

Bob



To: Return to Sender who wrote (71541)2/10/2016 8:23:31 PM
From: Sr K  Respond to of 95420
 
That scenario was not brought up by Janet Yellen, but by a Representative, and she gave a slow response in her usual style. It was, if the markets go to a negative rate, and they have in periods of stress, we follow the data. But the U.S. Treasury is not going to issue instruments with a negative rate.

I'm not hitting those links, there is little way for the "Federal Reserve to test negative interest rates."

For anyone who is interested, I'd like to now who asked the question. But that's off-topic