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Austerity has delivered low rates.
Comments
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didn't we have low rates before his so called austerity?
I thought that the austerity measured hadn't fully kicked in yet.
That's what's been discussed in here anyway.
Probably an indicator of low rates for a while then
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
The eurozone countries are uniquely vulnerable because they can't print their own money, and nobody seems to have remembered to provide an alternative mechanism to guarantee government debt.I would agree with that, so had they not gone ahead and cut and just spent we would be looking at higher rates. AKA Greece, Spain, Italy etc.
For the rest of us, default risk is replaced by devaluation risk. The main thing propping up gilts is the efforts of European and American politicians to trash their currencies. If they stop mucking about and sterling looks like a weak currency again, gilt yields will go back up."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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