“With negative interest rates in Germany, Switzerland, Ireland, Belgium, and Denmark, it was about time that we saw negative mortgage rates in Europe as well. In January, as much as $3.6 trillion of debt in Europe and Japan traded at negative yields. Unprecedented bond buying by the European Central Bank (the ECB) and Bank of Japan (the BOJ) has resulted in a manipulation of global capital markets that could lead to another major asset bubble. The situation has gotten so out of hand that not only are interest rates -0.2% at the ECB’s overnight deposit facility, but commercial banks are also lending to individuals at negative rates.”
http://finance.yahoo.com/news/negative-mortgage-rates-denmark-3-210020766.html
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Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
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