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German money situation then and now…

January 31, 2020January 31, 2020 by Daniel Peris

Germany one hundred years ago: wheelbarrows full of money to buy bread.

Germany now: vaults overflowing with cash due to negative interest rates.

https://www.bloomberg.com/news/articles/2020-01-31/german-banks-are-hoarding-so-many-euros-they-need-more-vaults

As a refresher, the well-told tale by Adam Fergusson, When Money Dies:  https://www.amazon.com/gp/product/1586489941

 

 

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“Go East, Mr. Douglas….”
Interviewed on HistoricallyThinking podcast

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Note: The views expressed here are those of the author alone, and do not necessarily reflect the views of his employer. Nothing written here should be construed as investment advice. Consult your investment advisor for specific recommendations. 

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