0815user on 26 December 2014
What interest rate did you mean specifically? Not quite getting the "global" part, Fed's refinancing interest rate? Deposits? All of them? If the former, that'd mean "free" money for commercial banks, effectively Fed is lending its money-printing machine to everyone else. After few rounds of QE, it should be clear that won't fix anything. |
like this but globally. the thing is, there is enough capital in the world. problem is though, it's always there where conditons are good, mostly doing nothing or waiting for a riskless opportunity to create more money. this needs to be fixed.
