Former Fed Chairman Alan Greenspan said that the negative interest rates, if they are carried out over a long period of time, eventually "deform" savings and investments.
Central banks in the euro zone, Switzerland, Sweden, Denmark and Japan have reduced some of the key interest rate to a negative figure in efforts to stimulate economic growth and inflation. Greenspan, who on March 6 will be 90, said he was not optimistic about growth in the US or in the world largely because business investment is so small that undermine the ability of the companies to be more productive.
Greenspan, who heads his own firm in Washington, Greenspan Associates LLC, has condemned the excessive regulation to limit credit and government programs of social protection to displace investment by the wayside.Greenspan said he expects the stabilization of oil prices in cases of failure of manufacturers of drilling new wells Simplify count possible profits or losses. Use the handy online calculator forex trader free.