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In addition to negative rates, the US gave out money in every way they could, including "helicopter" money - just sending everyone a check. And they did it qui
by slededit 8y ago
In addition to negative rates, the US gave out money in every way they could, including "helicopter" money - just sending everyone a check. And they did it quickly with immediate impact.
Europe let the crises drag on for years, with questions about whether Greece, Portgual and Ireland would even stay in the euro. 0% now is much too little, far too late.
- fbonetti 8y agoWow, you weren't kidding. The Fed dropped the funds rate down to nearly zero by December 2008.[1] It took the European Central Bank until June 2014 to bring their interest rate down to the same level.[2] They even had a couple rate hikes in the interim. [1] https://fred.stlouisfed.org/series/FEDFUNDS https://fred.stlouisfed.org/series/FEDFUNDS [2] https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html https://www.ecb.europa.eu/stats/policy_and_exchange_rates/ke...