« POPE 5 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: "Money's Not Worth Anything Anymore" - Ex-Credit Suisse CEO Blasts "Crazy" Negative Rates 

By: Decomposed in POPE 5 | Recommend this post (1)
Mon, 07 Oct 19 6:26 PM | 31 view(s)
Boardmark this board | Pope 5
Msg. 41686 of 62138
(This msg. is a reply to 41680 by capt_nemo)

Jump:
Jump to board:
Jump to msg. #

Nemo:

Re: "“Negative interest rates are crazy. That means money is not worth anything anymore,” Gruebel exclaimed."
Provide an accurate answer to the question of what today's dollar represents and you'll also have answered the question of whether it is worth anything.




Avatar

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


- - - - -
View Replies (1) »



» You can also:
- - - - -
The above is a reply to the following message:
"Money's Not Worth Anything Anymore" - Ex-Credit Suisse CEO Blasts "Crazy" Negative Rates
By: capt_nemo
in POPE 5
Mon, 07 Oct 19 5:42 PM
Msg. 41680 of 62138

Oswald Gruebel, who served as Credit Suisse CEO from 2004 to 2007 and as UBS Group AG's top executive from 2009 to 2011, has slammed ECB policy in an interview with Swiss newspaper NZZ am Sonntag.

“Negative interest rates are crazy. That means money is not worth anything anymore,” Gruebel exclaimed.

“As long as we have negative interest rates, the financial industry will continue to shrink.”

Who can blame him - judging by the all-time low in European inflation expectations, ECB policy has been an utter failure...

Uploaded Image


http://www.zerohedge.com/economics/moneys-not-worth-anything-anymore-ex-credit-suisse-ceo-blasts-crazy-negative-rates?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29


« POPE 5 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next