Interest rates to be slashed again.

Joe_Bloggs

@Pimpernel1
Read the thread look at the front page in the posts such as geneer quoting Hamish/McTavish.

J_B.

Pimperne1

Joe_Bloggs wrote: »

@Pimpernel1
Read the thread look at the front page in the posts such as geneer quoting Hamish/McTavish.

J_B.

Oh I see. That's not actually the price, it says something like "We are 10p cheaper than the Mirror" - but its too small to read. I think the price is about 50p.

Graham_Devon

I love how the bulls go all out to mock moneyweek, but when it comes to the express, it's guarded like it's the last known bible on the planet.

geneer

Graham_Devon wrote: »

I love how the bulls go all out to mock moneyweek, but when it comes to the express, it's guarded like it's the last known bible on the planet.

Well its far easier to try and mock something than try and make an effective rebuttal.

Though of course they don't realise that its much easier to mock something when you are able to make an effective rebuttal.
Which is why I have a dozen or so fans storming around the boards after me. :rotfl:

geneer

Pimperne1 wrote: »

Oh I see. That's not actually the price, it says something like "We are 10p cheaper than the Mirror" - but its too small to read. I think the price is about 50p.

Actually Pimp, I imagine he's directing you to the bit where its noted that record low interest rates will also be nice for those who choose to buy at lovely post crash prices.

Pimperne1

geneer wrote: »

Actually Pimp, I imagine he's directing you to the bit where its noted that record low interest rates will also be nice for those who choose to buy at lovely post crash prices.

Oh, well only he would know but I thought he was responding to post #40.

Pimperne1

Graham_Devon wrote: »

I love how the bulls go all out to mock moneyweek, but when it comes to the express, it's guarded like it's the last known bible on the planet.

No, its a game, you mock the Express we mock Moneyweek. You mock Geneer, we mock Geneer (Oh wait ....).

HAMISH_MCTAVISH

Generali wrote: »

negative interest rates

No I would agree borrowers wouldn't go negative.

But savers can be disincentivised from hoarding, and forced to spend in the economy.

Which after all is the primary purpose of ZIRP.

And there is precedent....

Switzerland’s first taste of negative interest rates came in June 1972, when a penalty charge of 2% per quarter was levied on the increase in CHF deposits from non-residents (this measure followed the failure of 100% reserve requirements on nonresident deposits and then the prohibition of interest payments to non-residents to curb capital inflows). The defacto negative interest rate regime lasted until October 1973. The negative interest rate was re-introduced in November 1973 at 3% per quarter and then increased to 10% per quarter in February 1978.

Whether averting capital inflows to countries or averting hoarding of cash by residents, the principle remains the same.

Joe_Bloggs

@HAMISH_MCTAVISH
Upon what should savers be forced to spend their money ?
Perhaps there should be a parliamentary petition or a poll to develop this area of the economy.
J_B.

[Deleted User]

HAMISH_MCTAVISH wrote: »

When what we need is a weak currency to compete with our exports, it would do it a lot of good.:)

but when our balance of payments are £5billion a month to the bad it would fuel inflation