ECB JUST CUT RATES
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I am an american with big american greenbacks.
Since our deposit rates our positive but not negative is there a way I can funnel Euro money to American deposits.
Do Euros get access to low interest rates on loans? How can I access these loans.
I also have a pie in the sky idea of using Euro loans to pay for american loans or lend out the money at american rates, is there a way to do this? Why hasn't anyone done this?
the live webcast doesn't fucking work
they never work whether it's the fed or the ecb
FOR FUCK'S SAKE
http://www.bloomberg.com/live/europe
i checked before but they had some other bullshit on
the official one on ecb.europa.eu still doens't work
>>1135608
>big american greenbacks
>ask on 4chan
>>1135742
4chan is p. comfy
you can get a lot of different opinions
just don't take statements like "buy ethereum lol" at face value
some fuccboi self-proclaimed financial advisor or whatever isn't going to know all that much anyway
>>1135608
I don't know if you could pull this off. At least for loans in germany you need to have permanent residence here, on top of various other requirements. Interest rates range from 3.5% to 8% as I've seen. If you try this, it will certianly have to be some shady business.
>>1135783
isn't the point of the "new global economy" the free flow of capital?
>>1135608
There has been carry from EU to USA for quite a while, thats probably why the EURUSD collapsed to 1.03, so at least big money has been moving to US, dunno if you can have access to said loans if you arent institutional.
Since the rates are negative they pay you to take money right?
>>1136023
I think they charge you for keeping money at a bank and this is supposed to encourage lending/spending, so lending rates should be low and spending/lending should go up. That's the theory.
question for Europeans, do you guy actually lose money on your bank deposits?
>>1136154
>>question for Europeans, do you guy actually lose money on your bank deposits?
No. The negative interest rates are for the banks parking their money at the ECB. It's supposed to dissuade them from holding on to it and loan it out/invest to stimulate the economy.
OP why not take a loan in euros and pay it in dollars, when euro collapses even more then you get like 30% off.
>>1136172
What is the actual rate for nonbanks anon?
