Zero or negative interest rate. Can this be interpreted to mean that an economy now values debt more than savings?
As it seems to be saying that bank deposits are being discouraged due to no interest, and hence economic activity must be funded from debt.
In other words I would borrow rather than work and save. Why work and save to buy plant and equipment when I could borrow for an indefinite term for zero or negative interest? If everyone does this, noone works, and the whole economy lives on growing debt. I see big problems with this. Surely devaluation and hyperinflation?