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.
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.