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  1. 07-03-2009 02:10 PM #1
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    Swedish Bank sets interest rate at... -.25%?

    Mish's Global Economic Trend Analysis: Sweden Cuts Deposit Rate to NEGATIVE .25%

    hahaha

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  2. 07-03-2009 02:16 PM #2
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    How is it possible to have negative interest rates?
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  3. 07-03-2009 02:18 PM #3
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    If you give the bank $100, you would also have to give them 25 cents in order to take it.

    "We should give every Congressmen 1 billion dollars to sit at home and do nothing. Imagine all the money we'd save!"
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  4. 07-03-2009 02:19 PM #4
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    Quote Originally Posted by candygirl View Post
    How is it possible to have negative interest rates?
    They'll be confiscating that much of your money. You'll be better off to hide it under a mattress!
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  5. 07-03-2009 02:20 PM #5
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    where's Anderson..............
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  6. 07-04-2009 01:30 AM #6
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    Oh look, central banks screwing people over again. I'd like to hear the response from socialists that constantly use Sweden as their economic model.

    That money would be better served under a mattress.
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  7. 07-04-2009 10:19 AM #7
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    Quote Originally Posted by swirling_vortex View Post
    Oh look, central banks screwing people over again. I'd like to hear the response from socialists that constantly use Sweden as their economic model.

    That money would be better served under a mattress.
    The right of the people to keep and arm bears shall not be infringed. - P.A. Yost, Sr.

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  8. 07-04-2009 12:00 PM #8
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    So will runs on their banks start immediately? Will folks withdraw savings? If not, why not? Astounding.
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  9. 07-04-2009 01:48 PM #9
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    Quote Originally Posted by Rightwing Nutjob View Post
    So will runs on their banks start immediately? Will folks withdraw savings? If not, why not? Astounding.
    I sure would!
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