Here we go - the way is paved for negative interest rates

[Midnight Man]

This is either amusing, or frightening - I'm leaning on the amusing side at the moment, as I believe most fiat currencies are currently queued at the dunny door waiting to flush themselves into oblivion:

http://www.zerohedge.com/news/2013-...-ask-depositors-pay-banks-holding-their-money

 

[mmm....shiney!]

If it comes to fruition, it may mean the AUD will remain above parity even if the RBA knocks a % off the cash rate, now the ECB rate is 0.5% while the RBA's is 3%, that's a big difference. Of course that's nothing compared to Brazil's at 7.5%.

 

[hiho]

financial terrorists