Deutsche Bank: “QE Has Run Its Course, It’s Time to Tax Wealth”

Deutsche Bank: “QE Has Run Its Course, It’s Time to Tax Wealth”

In the upside down world of Quantitative Easing, Deutsche Bank has suggested as policy that the ECB and BoJ should move more strongly toward penalizing savings via negative retail deposit rates or perhaps wealth taxes. With this stick would also come a carrot – banks might also pay borrowers to buy houses via negative mortgage rates. As they say: Its a mad world.

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