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In Denmark's case, the rates are set to defend the krone's peg against the euro. Denmark being above average in terms of stability within the euro zone sets neg

In Denmark's case, the rates are set to defend the krone's peg against the euro. Denmark being above average in terms of stability within the euro zone sets negative rates to shoo people from parking their money there, which would otherwise drive demand and increase the exchange rate for the krone. In Europe as a whole, yes, it is in deep stagnation. There is no where near enough investment opportunity for the wealth within the block, and this is made doubly worse by the governments subsidising all investment, essentially eating half the investment opportunity (while simultaneously creating a beaurocratic nightmare which also needs to be paid for). All the remaining wealth just piles into any old unproductive asset which can out perform the -0.6% bank rate. If you really want a laugh, read up on how banks are competing to acquire physical currency because cash is cheaper to store in a guarded vault than a database entry with the ECB.

eloff 6y ago
> If you really want a laugh, read up on how banks are competing to acquire physical currency because cash is cheaper to store in a guarded vault than a database entry with the ECB. I have read about that, and it was worth a good laugh and a "what's the world coming to" kind of head shake. Mind boggling.
sifar 6y ago
>> If you really want a laugh, read up on how banks are competing to acquire physical currency because cash is cheaper to store in a guarded vault than a database entry with the ECB. Hahaha, so as the governments the world over propagandize (read black money/corruption) people to move to digital cash the banks are legally allowed to hold mountains of them. And ...even charge people a fee to withdraw there own money as cash. https://www.bloomberg.com/news/articles/2020-01-31/german-banks-are-hoarding-so-many-euros-they-need-more-vaults https://www.bloomberg.com/news/articles/2020-01-31/german-ba...

eloff 6y ago

> If you really want a laugh, read up on how banks are competing to acquire physical currency because cash is cheaper to store in a guarded vault than a database entry with the ECB. I have read about that, and it was worth a good laugh and a "what's the world coming to" kind of head shake. Mind boggling.

sifar 6y ago

>> If you really want a laugh, read up on how banks are competing to acquire physical currency because cash is cheaper to store in a guarded vault than a database entry with the ECB. Hahaha, so as the governments the world over propagandize (read black money/corruption) people to move to digital cash the banks are legally allowed to hold mountains of them. And ...even charge people a fee to withdraw there own money as cash. https://www.bloomberg.com/news/articles/2020-01-31/german-banks-are-hoarding-so-many-euros-they-need-more-vaults https://www.bloomberg.com/news/articles/2020-01-31/german-ba...