The Rising Influence of Rising Affluence

[jbog]

In Europe, where mortgage rates are tied to government rates (Denmark,Spain), the mortgagee's are fighting that they get paid interest on what they owe. The governments think they are right.

This will not end well.

http://www.npr.org/2015/04/14/399641297/when-rates-turn-negative-banks-pay-customers-to-borrow