Zero-Rate Policy as a Depressant, Not Simulant, of Economic Growth–Nom de Plumber’s Thought of the Day

ndp  Nom de Plumber is a Nom de Plume

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Report from HSBC: Living With Negative Yields:    http://av.r.ftdata.co.uk/files/2012/07/Living-with-negative-yields.pdf

NDP says: With zero or even negative interest rates, consumers will retreat if their motivation is sustainable future consumption (retirement) rather than debt-financed current consumption.  

Thank you.

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