Currency War Feeds Denmark’s Housing Boom Amid Extreme Rates

Here’s an example of some of the twists and turns that economies with negative rates might need to gird for.

Seven years after Denmark’s property bubble burst, house prices in the country’s biggest cities are already higher than at any point in recorded history. Meanwhile, banks are trying to figure out how to navigate their way through the first auctions that will probably result in investors paying homeowners to borrow.