By SIMON CONSTABLE
In some places outside the U.S., the cost of borrowing money has dipped below zero. It's a strange concept and basically means that money kept in a bank deposit would actually shrink instead of grow.
One question that many people wonder about is whether the negative rate phenomenon will be coming to the United States. It would be decision made by the Federal Reserve and one that would also have dramatic impact on the U.S. economy.
To find out what's going on I spoke with Joe Brusuelas, chief economist at professional services firm RSM who explains what it means and whether America will follow suit. Watch, listen, and learn here.
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