Stanley Fischer’s Bizarre Justification For Negative Rates
by Tyler Durden
ZeroHedge.com
Aug 30, 2016
“Well, clearly there are different responses to negative rates. If you’re a saver, they’re very difficult to deal with and to accept, although typically they go along with quite decent equity prices. But we consider all that and we have to make trade-offs in economics all the time and the idea is the lower the interest rate the better it is for investors.”
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