3 ms·
Bank interest rates are 0 and negative, so people can't leave their money in the bank. They either have to spend it, driving up house prices or invest in the m
by segmondy 7y ago
Bank interest rates are 0 and negative, so people can't leave their money in the bank. They either have to spend it, driving up house prices or invest in the market to get better return. With bank rates being so low, folks are paranoid and with all their nest eggs in the market, they pay more attention to it.
https://www.bloomberg.com/opinion/articles/2019-08-06/how-the-ecb-s-negative-interest-rates-hurt-german-savers https://www.bloomberg.com/opinion/articles/2019-08-06/how-th...