News for hackers. Stuff that matters.

A comment on Tech Unicorns Are Going Public at Near-Record Pace. Parent comment

Re:Tech Unicorns Are Going Public at Near-Record Pace by slededit on Wednesday December 19, 2018 @03:00PM (#18718963)
In addition to negative rates, the US gave out money in every way they could, including "helicopter" money - just sending everyone a check. And they did it quickly with immediate impact.

Europe let the crises drag on for years, with questions about whether Greece, Portgual and Ireland would even stay in the euro. 0% now is much too little, far too late.

[ Parent | on HN ]
Re:Tech Unicorns Are Going Public at Near-Record Pace by fbonetti on Wednesday December 19, 2018 @04:37PM (#18719939)
Wow, you weren't kidding. The Fed dropped the funds rate down to nearly zero by December 2008.[1] It took the European Central Bank until June 2014 to bring their interest rate down to the same level.[2] They even had a couple rate hikes in the interim.

[1] https://fred.stlouisfed.org/series/FEDFUNDS

[2] https://www.ecb.europa.eu/stats/policy_and_exchange_rates/ke...

[ Parent | on HN ]