Interest rates and presidential candidates:
Neil Irwin – Negative 0.5% Interest Rate: Why People Are Paying to Save
When you lend When you lend somebody money, they usually have to pay you for the privilege. That has been a bedrock assumption across centuries of financial history. But it is an assumption that is increasingly being tossed aside by some of the world’s central banks and bond markets. A decade ago, negative interest rates were a theoretical curiosity that …