Quote Originally Posted by KW View Post
The ECB and several countries - Denmark, Switzerland, Sweden - all have negative interest rates.
http://www.economist.com/blogs/econo...st-explains-15

The problem is that it doesnt help solve the problem either. Neither has QE. Hindsight shows that nothing has really worked. There are now extremely limited options available to central banks to try and get the global economies moving again. This is why this bear market may last for a very long time - deflation is a killer of stock markets
If this article is on the money then we would then expect the NZ dollar to appreciate considerably(others would want to join our ''interest rate party''---The really scary thing about this scenario is the added incentive of people to take their money out of the banks which could lead to the dreaded ''bank holiday'' or haircut-(precious metals?)--Even with the added possibility of a drop in housing values,Im grateful for free hold properties.