Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
MPC's Posen: Raising Rates would be a "nonsense"
Comments
-
I should imagine that the BIS know what they are talking about, not sure about Posen though. With regards to no chance of stagflation, what do we think the annualised growth and inflation figures have been over the past 9 months?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
-
RenovationMan wrote: »I loved this bit that states what may happen if the BIS is right:
"There are limits to how long monetary policy can remain expansionary. Keeping interest rates near zero for too long, with abundant liquidity, leads to distortions and creates risks for financial stability."
Compared to what may happen if the BIS is wrong:
"If wrong, the BIS strategy risks pushing the global economy into depression"
Hmnnn 'risk of financial instabiity' Vs 'Depression'. Tough call!
What do you think 'financial instability' leads to?
Bankers and especially Central Bankers tend to use very 'quiet' language. Don't scare the horses and all that.0 -
-
RenovationMan wrote: »I thought that we were already in a period of financial instability?
I think at the moment things are 'uncertain' with a move to 'rather uncertain' pencilled in if Greece defaults.
A Spanish default would be seen as 'increased volatility' I suspect. Revolution in Italy would be the start of financial instability.
It's rather like the joke about the Australian security levels being raised from "No worries" to "She'll be 'right".0 -
I love that joke.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 348.2K Banking & Borrowing
- 252.1K Reduce Debt & Boost Income
- 452.3K Spending & Discounts
- 240.7K Work, Benefits & Business
- 617K Mortgages, Homes & Bills
- 175.6K Life & Family
- 253.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards