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john92
05 Jun 14 13:26
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Date Joined: 13 Jan 05
| Topic/replies: 5,100 | Blogger: john92's blog
It is now 0.15%, with a negative deposit rate for commercial banks.

What if this doesn't 'make the banks lend' or 'stimulate growth'?

Record low rates and hundreds of billions of printed money clearly don't seem to be having the desired effect. Are widespread bail-ins possible in the medium term?
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Report Wesdag • June 5, 2014 1:57 PM BST
A crisis of capitalism as predicted by Karl Marx - falling prices due to over-production.
Report screaming from beneaththewaves • June 5, 2014 3:10 PM BST
It's only a crisis if wages are also suppressed.

If you want to avoid deflation, then give workers money with which to buy things. But our masters are too mean and stupid for that. Instead they think they can force workers to take on even more debt, while at the same time keeping wages too low for them ever to be able to repay it.
Report currant bun • June 5, 2014 3:47 PM BST
1980s and 1990s Japan here we come
Report ebulGery • June 6, 2014 12:36 AM BST
We may never recover from the Credit Crunch, it has done more damage than we think
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