Effective Deflation

I've been thinking about the new $15/month charge from Citi for not maintaining your checking account at an amount greater than $6k (most people can't). Given that they are only paying .01% on checking right now, which is

 

Yea, if we were experiencing deflation, which uncle Ben says we aren't. This happened in Japan during the late 90's. Western banks were charging their banks negative rates in order to hold yen. BNY was imposing negative interest to large account recently, but I think that is due to other factors. Government bonds can go negative too.

"I'm short your house"
 

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