Banks ponder vault cash in response to negative rates: Lending reality in a nutshell

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Banks ponder vault cash in response to negative rates: Lending reality in a nutshell
Photo by PeteLinforth (Pixabay)

Banks ponder vault cash in response to negative rates: Lending reality in a nutshell

By Mike “Mish” Shedlock Under guise of preventing fraud the ECB voted to kill the €500 note. Fraud was not the real reason. The real reason was to make it more difficult for banks to store physical cash to avoid negative interest penalties. Cash Under the Mattress Please consider Banks Seek Cheap Way to Store Cash…

After A Tough Year, Odey Asset Management Finishes 2021 On A High

For much of the past decade, Crispin Odey has been waiting for inflation to rear its ugly head. The fund manager has been positioned to take advantage of rising prices in his flagship hedge fund, the Odey European Fund, and has been trying to warn his investors about the risks of inflation through his annual Read More

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