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ECB surprises analysts and CUTS interest rate to 0.25%

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Comments

  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    chucky wrote: »
    It always amuses me to see the armchair economists on an Internet forum think that they know better than economists with much more information and experience.

    Got to hand it them they have done such a wonderful job over the last few decades.

    Perhaps they simply can't see the wood for the trees as they have simply planted too many.

    Having much more information doesn't necessarily lead to better results you just lose sight of the original problem.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    ILW wrote: »
    Which is debateable when you can have two equally experienced economists with totally opposite views on how to solve a problem.

    If these people were so useful, why do recessions ever happen?
    A recession happens when there is a slowdown in economic activity or there is a business cycle contraction.

    It really is a simple explanation.

    This is why you post mutterings on an Internet forum and aren't an economist.
  • ILW
    ILW Posts: 18,333 Forumite
    chucky wrote: »
    A recession happens when there is a slowdown in economic activity or there is a business cycle contraction.

    It really is a simple explanation.

    This is why you post mutterings on an Internet forum and aren't an economist.
    So where to highly payed economists come into the equation if these things just happen?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    ILW wrote: »
    So where to highly payed economists come into the equation if these things just happen?
    Who said they are highly paid?

    You obviously have a big issue about anyone who earns large amounts of money.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    ILW wrote: »
    So where to highly payed economists come into the equation if these things just happen?

    Why do we bother paying highly pad economists in the first place if they can't do anything about it?
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    chucky wrote: »
    Who said they are highly paid?

    You obviously have a big issue about anyone who earns large amounts of money.

    What would define as highly paid?

    Are they mostly poorly paid?
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • ILW
    ILW Posts: 18,333 Forumite
    chucky wrote: »
    Who said they are highly paid?

    You obviously have a big issue about anyone who earns large amounts of money.
    Just people who earn large sums without achieving anything of any value.

    How many publicly funded professional economists forecasted the global crash with any accuracy?

    Why are the ones that failed still employed?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    What would define as highly paid?

    Are they mostly poorly paid?
    Why are you asking me?

    It this one that posted it.

    Ask the armchair economist.
    ILW wrote: »
    So where to highly payed economists come into the equation if these things just happen?
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    chucky wrote: »
    Why are you asking me?

    It this one that posted it.

    Ask the armchair economist.

    You were the one that suggested they weren't all highly paid.

    You must therefore have a view of what is highly paid.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • ging84
    ging84 Posts: 912 Forumite
    Part of the Furniture Combo Breaker
    base rates can change?
    never received a tweet about them changing in the past
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