Negative Rates for the People Arrive as German Bank Gives In
[{"id": "d6f26wb", "text": "For the people ... on accounts over 100k euro ...  \n\nSo 'the people' won't be affected too much. Sucks for anyone with large cash positions though.  ", "replies": [{"id": "d6igxn0", "text": "Considering they, i.e. ECB, Draghi etc etc, said but a few months only large corporate, bank accounts would be affected and now, fairly sizable, personal accounts are hitting.  I would say it's only a matter of time before everyone gets hit.  Hammering down on the savers...will get much worse before it gets any better unfortunately.", "replies": [{"id": "d6ihmvc", "text": "I will be really surprised if they hit the average Josef/Guiseppe etc. with this. Time will tell!", "replies": [{"id": "d6ilorq", "text": "Already hit average Joe/Josef/Guiseppe with massive QE, bailouts, depressing yields, bankrupt pensions (just beginning to see) and declining wage growth, nonetheless I do get your point.  Very scary times we live in.", "replies": [{"id": "d6im9c8", "text": "&gt; massive QE, bailouts, depressing yields, bankrupt pensions \n\nThat's just run of the mill since 2007!", "replies": [{"id": "d6ipw6d", "text": "Hahahaha well said!", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]