10-year mortgage interest rates in Denmark have hit -0.5% — that is, the bank will pay to you borrow money. 20 year loans? Zero interest. 30 year loans now at 0.5% are headed negative. Translation: some people with a LOT of money think that we're heading for a depression so ferocious that they'll loan you money for 30 years at only 0.5%, just to lock in some kind of return during the decades-long bloodbath they foretell. (Image: Jimmy Baikovicius, CC BY-SA,modified) (Thanks, Kathy Padilla!)
Danish banks will pay you to borrow money from them
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