Killer Bunny Posted April 15, 2016 Share Posted April 15, 2016 Danish NEGATIVE mortgage Will they actuallly grant new -ve mortgages??? Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted April 15, 2016 Share Posted April 15, 2016 Just think of the money you could lose in the aftermath of a mega bubble fuelled by negative consumer interest rates. Quote Link to comment Share on other sites More sharing options...
onlyme2 Posted April 15, 2016 Share Posted April 15, 2016 Just think of the money you could lose in the aftermath of a mega bubble fuelled by negative consumer interest rates. Would be enough to wreck your whole employed lifetime. Quote Link to comment Share on other sites More sharing options...
IMHAL Posted April 15, 2016 Share Posted April 15, 2016 Danish NEGATIVE mortgage Will they actuallly grant new -ve mortgages??? This puts a totally new perspective on being in debt. Woman: Do you have any debts? Man: Yes - loads Woman: Great.... I'll marry you. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 15, 2016 Share Posted April 15, 2016 Better have a new thread from IRRO I paid £100 of my mortgage with a statement I found on the doorstep Quote Link to comment Share on other sites More sharing options...
200p Posted April 16, 2016 Share Posted April 16, 2016 (edited) We've stepped through the mirror, into a reverse world! It might look weird, but it could work! Quick buy that new build power station in London, and GET £8m loan too that pays interest! What a messed up world! ^ Look it's one of those potential viral internet memes! Edited April 16, 2016 by 200p Quote Link to comment Share on other sites More sharing options...
thewig Posted April 16, 2016 Share Posted April 16, 2016 Just think of the money you could lose in the aftermath of a mega bubble fuelled by negative consumer interest rates. there you go again with your long term thinking. You'll never make a politician whilst you persist in thinking ahead of jam tomorrow. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 16, 2016 Share Posted April 16, 2016 This puts a totally new perspective on being in debt. Woman: Do you have any debts? Man: Yes - loads Woman: Great.... I'll marry you. Man: I'm practically bankrupt Woman: Give me your babies! Quote Link to comment Share on other sites More sharing options...
thewig Posted April 16, 2016 Share Posted April 16, 2016 DEBT is wealth, innit? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 16, 2016 Share Posted April 16, 2016 Quote Link to comment Share on other sites More sharing options...
rollover Posted April 26, 2016 Share Posted April 26, 2016 The world's turning upside down. Consumer boom from low prices slows as food spending risesConsumers are still enjoying lower prices for essential goods although the benefit of rapidly tumbling costs is fading, Lloyds Bank said today. Its latest Spending Power index showed spending down 0.6% year-on-year in March, albeit a slower pace of decline than seen in previous months. Quote Link to comment Share on other sites More sharing options...
giggler000 Posted April 26, 2016 Share Posted April 26, 2016 DEBT is wealth, innit? For those who control the creation process, yes. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted April 26, 2016 Share Posted April 26, 2016 Pay people to borrow. Simples. Its only printed money anyway. Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted March 17, 2017 Share Posted March 17, 2017 (edited) From Frizzers ... https://twitter.com/DominicFrisby/status/842469770612113408/photo/1 https://twitter.com/DominicFrisby Edited March 17, 2017 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
Si1 Posted March 17, 2017 Share Posted March 17, 2017 Is this more communism? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted March 17, 2017 Share Posted March 17, 2017 On 27/04/2016 at 0:35 AM, GreenDevil said: Pay people to borrow. Simples. Its only printed money anyway. £170bn. Think of the cost of the ink! Quote Link to comment Share on other sites More sharing options...
Errol Posted March 17, 2017 Share Posted March 17, 2017 30 minutes ago, Saving For a Space Ship said: From Frizzers ... https://twitter.com/DominicFrisby/status/842469770612113408/photo/1 https://twitter.com/DominicFrisby So negative rates and the suggestion of currency controls. Quote Link to comment Share on other sites More sharing options...
North London Rent Girl Posted March 17, 2017 Share Posted March 17, 2017 On 16/04/2016 at 0:53 PM, zugzwang said: Love it! Wondered where it could have been published, thought surely only the Eye and then prob from a few years back. Found the article it was at the top of, now read, v good. So you made this? How creative. I'm plainly not the only one having a quiet week. Blinking heck tho, NIRP - have mentioned before on here queuing for new currency in Russia in the early 90s and how weird to think things akin to that could happen here. The day draws closer if Denmark and Sweden are doing this.* What's going on? I thought they were sober, well, not sober, but sane places? Have they recently hired central bank heads who have been to the Mark Carnage School of Indebting the Populaces of Wealthy Economies? By which I mean they will discourage me from withdrawing my savings and keeping them under the mattress by keeping on changing the currency and only letting you change up five hundred quid at a time. Damned if I'm going to let them win. I'm going to get one of those - what are they - shooting sticks? With a seat on it. I've got a nice thermos flask. Knock yourself out, Carney, you shithead - I will give up work and queue every day for the rest of my life if that's what it takes. OK ok calming down, it hasn't actually happened yet... Quote Link to comment Share on other sites More sharing options...
billybong Posted March 17, 2017 Share Posted March 17, 2017 (edited) Apparently Brexit is to blame. In an article written very soon after the UK voted to leave the eu. Quote https://www.bloomberg.com/news/articles/2016-06-27/record-negative-mortgage-rates-come-to-denmark-amid-brexit-shock Danish households are being paid to borrow, with rates on floating-rate loans sinking to the lowest on record, as Britain’s decision to quit the European Union feeds a capital flight into markets considered safe ... ... Rates could even go lower, according to Karsten Beltoft, head of the Danish Mortgage Bankers Federation. If the European Central Bank cuts rates to protect the euro zone from the radiation of Brexit, Denmark probably would have to follow, he said by phone. “At first glance, it’s good to be a homeowner, but it really is a sign of sickness in the economy,” Beltoft said. “That’s the flip side to the coin.” Edited March 17, 2017 by billybong Quote Link to comment Share on other sites More sharing options...
North London Rent Girl Posted March 17, 2017 Share Posted March 17, 2017 Found that a bit technical but think got the idea, thanks for posting it. Quote Link to comment Share on other sites More sharing options...
Little Frank Posted March 17, 2017 Share Posted March 17, 2017 Coutts is a central bank? Who knew Quote Link to comment Share on other sites More sharing options...
BearlyBegun Posted March 22, 2017 Share Posted March 22, 2017 Swiss bank UBS will start charging customers who deposit more than a million euros, as negative interest rates hit banks' profits. The annual 0.6% charge will take affect from May. UBS already imposes charges for large accounts held in Swiss francs by companies and some wealthy clients. http://www.bbc.co.uk/news/business-39349399 Quote Link to comment Share on other sites More sharing options...
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