June 10, 2014
Economist: U.S. Banks Preparing to Charge Customers For Deposits
Economist: U.S. Banks Preparing to Charge Customers For Deposits
In the week that the European Central Bank cut its deposit rate for banks from zero to -0.1%, economist Martin Armstrong warns that negative interest rates are coming to the United States, meaning that Americans will be forced to pay just to keep their money in the bank.