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Thread: Negative interest rate mortgage.....WTF

  1. #1
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    Default Negative interest rate mortgage.....WTF

    Big corporations have been making the most of near or zero% interest loans for speculative gains for many years, fracking in the US being one of the biggest plays. Finally in Denmark, Nordea bank are offering negative mortgages , where the bank will pay YOU, to go into debt. Couldnt make it up. How does capitalism work without capital?

    https://www.sovereignman.com/trends/...w-money-25233/

  2. #2
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    Default Re: Negative interest rate mortgage.....WTF

    Quote Originally Posted by skaraborgcraft View Post
    How does capitalism work without capital?
    lack of capital isn't really the the problem here

    and the fracking boom has less to do with low interest rates than it does other market forces
    Simpler is better, except when complicated looks really cool.

  3. #3
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    Default Re: Negative interest rate mortgage.....WTF

    Quote Originally Posted by Paul Pless View Post
    lack of capital isn't really the the problem here

    and the fracking boom has less to do with low interest rates than it does other market forces
    Its printed capital, thats not the same as money saved in a bank to be loaned out. Fracking only started big time because of low interest or negative interest, you only need to break even on expenses to make a profit with negative rates. Fracking is like paying out $5 to earn $4, look at the company failure rate when oil prices went down. No doubt they will do well when oil is back at $125 a barrel if Bolt-on gets his way with Iran.

  4. #4
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    Default Re: Negative interest rate mortgage.....WTF

    How can I get one of those mortgages??
    Tom

  5. #5
    Join Date
    May 2005
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    Bradford, VT
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    Default Re: Negative interest rate mortgage.....WTF

    IIRC, at certain times of the day, electric rates in Texas are negative

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