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The Negative Effects of Negative Real Interest Rates
CNN's Jim Boulden says we could run into a severe credit crunch in 2023. He argues that it is directly result of sustained negative real interest rates. The US banks are losing deposits, so instead of putting money on deposit at the bank, you're put in a money market fund. That then has resulted anywhere from say 10 to $30 in loans not being available for the economy.