The Federal Reserve cut its benchmark interest rate to zero to .25%.
So if you purchase a short-term T-bill, it is possible that you may get a negative interest rate, which means that you have to pay the government to hold your money for you.
WHACK!
8 hours ago
3 comments:
There will be no negative interest. At that point, folks will simply start shoving greenbacks under their mattresses. Let's see, do we buy ten thousand dollars of treasury bonds and pay $10,500 for the privilege, or do we buy 100 $100 bills and shove them under our bed? Hmm...
- Badtux the Depressed Penguin
(Hey, we're in a depression, so why not?)
the govt couldnt pay me enough to take my money out of the mattress
The only folks who get that low rate are the damn bankers. Check the rate you pay for your credit - if you're lucky enough to have some.
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