Rx_
Nothing In Moderation
- Local time
- Yesterday, 20:32
- Joined
- Oct 22, 2009
- Messages
- 2,803
Are the Banks a relic of the past? Or, are they still a safe haven of storing wealth?
It looks increasingly likely that the German Dutcha Bank may actually fail. We wake up to see one company after market close hours loosing 10% to 50% of stock value. Now, we hear that banks are under stress.
As the NY Times said, the bubble expectations that central banks could manage the economy is popping.
Some banks around the world pay Negative Interest rates. Or, the interest is so low that the monthy fees make it the equal to negative. Basically, one could just put the cash under a matress.
The number of Americans that no longer have Bank Accounts is something like 30%. People actually get Cash Cards for paychecks, so they go to directly spend the paycheck and don't have the luxury of savings.
Is 2016 the year to trust banks?
It looks increasingly likely that the German Dutcha Bank may actually fail. We wake up to see one company after market close hours loosing 10% to 50% of stock value. Now, we hear that banks are under stress.
As the NY Times said, the bubble expectations that central banks could manage the economy is popping.
Some banks around the world pay Negative Interest rates. Or, the interest is so low that the monthy fees make it the equal to negative. Basically, one could just put the cash under a matress.
The number of Americans that no longer have Bank Accounts is something like 30%. People actually get Cash Cards for paychecks, so they go to directly spend the paycheck and don't have the luxury of savings.
Is 2016 the year to trust banks?