Peter David Schiff, CEO and chief global strategist of Euro Pacific Capital Inc. believed that US economy is approaching to a massive recession. He thinks that the cut of interest rates by Federal Reserve last month was a big mistake. “They never should have taken rates to zero in 2008 and held them there for…
interest rates
Donald Trump is calling on the Federal Reserve to cut interest rates
#U.S. president, Donald John Trump criticized the U.S. central bank several times and asked the #interest_rate to be cut by at least 100 basis points over a fairly short period of time. He believed that if it happens, both U.S. and #world_economy enhance quickly. It is well noting that market is not sensitive to these…
House mortgage with negative interest rates in Germany!
The rush of #investors to low risk properties including #bonds during previous weeks caused the bond’s interest rates to fell as low as 0% or even below this level! This issue has caused the 10 year #German mortgage-backed bond yields to fall further and further into negative territory and is now at -0.26%.