Re:How Low Can Central Banks Go? JPMorgan Reckons Way Lower
by minimax on Wednesday February 10, 2016 @07:42PM
(#11077435)
The rate difference only benefits hedge funds if USDJPY also plays along. That trade has fx risk and you're making it sound like a sure thing. If USDJPY goes the wrong way, the trade loses money and the average joe whose savings account is roughly flat looks pretty smart (in relative terms).
I said that the large spread between the dollar and Yen benefits hedge funds. And I also said that low interest rates makes it harder for the average person to save.
I stand by both those comments. I don't think you need to be rude or to try and twist my words, just to try and refute a point no one was making;)