News for hackers. Stuff that matters.

A comment on Big Banks Agree to Historic $30B Deposit Injection in First Republic. Parent comment

Re:Big Banks Agree to Historic $30B Deposit Injection in Fir... by indigodaddy on Friday March 17, 2023 @11:28AM (#35198339)
How would printing now help anything? Wasn’t it precisely allowing the insanely low interest rates allowed to sustain over an unprecedented years-long period, coupled with non-stop printing and spending that caused this specific situation?
[ Parent | on HN ]
Re:Big Banks Agree to Historic $30B Deposit Injection in Fir... by roenxi on Sunday March 19, 2023 @05:22AM (#35217349)
For practical purposes they've had benchmark interest rates at 0% for a decade. They have a fig leaf over that because they made it to 2% in the late 2010s before they folded and went back to 0%.

Anyone who thinks 0% made sense for that long just thinks 0% makes sense. They probably aren't capable of spotting a situation where positive interest rates are sensible.

[ Parent | on HN ]
Re:Big Banks Agree to Historic $30B Deposit Injection in Fir... by indigodaddy on Monday March 20, 2023 @01:50PM (#35235627)
It’s completely insane that they did that..
[ Parent | on HN ]