Ceoqe and negative interest rates are Ponzi schemes-ghost observer

The Danish Saxo Bank CEO:QE with negative interest rates is a Ponzi scheme U.S. stock market center: exclusive national industry sector stocks, premarket after hours, ETF, real-time quotes Sina warrants stocks news Beijing time on the evening of 15, the Danish Saxo Bank CEO CNBC said that global central banks unlimited printing money and low interest rates to a record to stimulate economic growth, this is an out and out "Ponzi scheme". Saxo Bank (Kim Fournais) CEO Funes said: "they have no desire for reform, and economic growth is more in need of reform." Funes said: "I said that in Europe, to some extent also in the us. The real problem is that the economy is not growing. Denmark’s central bank has cut its economic growth forecast for the three time in a row, most recently on Wednesday (September 14th). The economy has no vitality." Earlier this week, the Danish Central Bank said it expects Denmark’s economy to grow by 0.9% this year, down from an earlier estimate of an increase of about $1%. In addition, the bank will also expect economic growth in 2017 from 1.6% in June this year is expected to be reduced to 1.5%. Denmark took a negative interest rate policy about 5 years ago to stimulate growth and raise inflation. The country was one of the first countries to impose negative interest rates on loans and mortgages. Funes told the CNBC: "negative interest rates are a problem in all places, the punishment is to hold cash but not the people of good incentive structure." A study published by the Danish mortgage bank also noted that negative interest rates created uncertainty. "Negative interest rates, which represent the unknown, pose a challenge to different parts of society and the economy," he said, mainly because of the fact that negative interest rates have not yet become part of the mainstream discourse." Funes also agree with the above research report view. He added that the problem is that some big countries are committed to national redistribution and public welfare, they curbed the ability to cooperate the people. He said: "there are too many rules and bureaucracy, the tax rate is too high, and our environment is very weak." Funes said that central governments around the world to put a lot of money to stimulate economic growth, the reason is that politicians do not have the ability to understand what is the real need. He warned: "if the situation does not change, in Greece and other financial markets that will make you lose confidence completely, when the reform was too late, the economy will fall into a downward spiral." (Zhang Jun) responsible editor: Zhangjun SF065相关的主题文章:

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