Borrowing in a Negative Interest Rate Economy

[Brian Lacey]

If the Fed goes to negative interest rates for the overnight borrowing, what does that look like for investors?

The Fed for years was at 0-.25% interest, a loan was in the 3-5%.

Is the logic conclusion mean if the Fed went to -.25-0%, would a loan be in the 2-4% range?

Any thoughts? I know some of the European countries, and now Japan have gone to NIRP. Anyone have any experience from the European side of how its affected RE there?