I am that I am - What? What? What? What? WHAT THE FUCKING FUCK?

What? What? What? What? WHAT THE FUCKING FUCK?

Jul. 2nd, 2009 at 6:43 PM

Um.

roadriverrail points out, via the community

the_recession, that Sweden has just set new interest rates.

New negative interest rates.

They're charging people money for the privilege of keeping their money in the banks.

This happens in a week. Original data here. The money(!!) quote is: The deposit rate is at the same time cut to -0.25 per cent and the lending rate to 0.75 per cent.

Some commentary here.

Comments

( 13 comments — Leave a comment )

its_just_me wrote:

Jul. 3rd, 2009 01:06 am (UTC)

Whaaaaaaaat?????????

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interactiveleaf wrote:

Jul. 3rd, 2009 04:14 am (UTC)

You summed it up, yep.

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paladin_of_gaia wrote:

Jul. 3rd, 2009 01:07 am (UTC)

And once again, the system is broken...

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interactiveleaf wrote:

Jul. 3rd, 2009 04:14 am (UTC)

Ayup.

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nationelectric wrote:

Jul. 3rd, 2009 05:40 am (UTC)

That does it. I'm boycotting IKEA.

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interactiveleaf wrote:

Jul. 3rd, 2009 02:22 pm (UTC)

Now, when they clearly need your money the most?

You monster!

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nationelectric wrote:

Jul. 3rd, 2009 03:10 pm (UTC)

Oh, come ON! They're a bunch of bums. You know they'd just blow it on fancy meatballs and hex wrenches, and then expect ME to assemble THEIR furniture for them.

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jabber wrote:

Jul. 3rd, 2009 02:49 pm (UTC)

Oh COOL! All hail Eris!

Polish creditors are charging interest on debt at one rate, but also charging interest (albeit at a lower rate) against the total line of credit. So, you pay for the potential of going into debt, and then pay more if you actually go there.

To me, this makes perfect sense. But being charged for letting someone else use your money to make money? That's just CWAZY!

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interactiveleaf wrote:

Jul. 3rd, 2009 03:07 pm (UTC)

Oh I love that. I think that's a brilliant way of managing credit.

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