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ECB surprises analysts and CUTS interest rate to 0.25%

124678

Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    An analyst isn't a fortune teller.

    This argument is rather like saying Brian Clough knew nothing about football because be never won the pools.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    grizzly1911 wrote: »
    You were the one that suggested they weren't all highly paid.

    You must therefore have a view of what is highly paid.
    Not me.

    Where did I say that?
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    chucky wrote: »
    Not me.

    Where did I say that?

    "Who said they are highly paid?"

    Suggest that they aren't 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
  • MFW_ASAP
    MFW_ASAP Posts: 1,458 Forumite
    Clearly the ECB is still paying the price for their ill-advised increase in rates 18 months or so ago. A moved that was applauded by many on here, but which only lasted a couple of months before rates fell back. Something to remember for those same people on here clamouring for UK rates to rise.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Generali wrote: »
    An analyst isn't a fortune teller.

    This argument is rather like saying Brian Clough knew nothing about football because be never won the pools.


    Analysts will have differing views it depends on which view is chosen to follow which is usually a political decision.
    "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
    MFW_ASAP wrote: »
    Clearly the ECB is still paying the price for their ill-advised increase in rates 18 months or so ago. A moved that was applauded by many on here, but which only lasted a couple of months before rates fell back. Something to remember for those same people on here clamouring for UK rates to rise.

    Wouldn't have a vested interest either?
    "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
    Generali wrote: »
    An analyst isn't a fortune teller.

    This argument is rather like saying Brian Clough knew nothing about football because be never won the pools.
    Was he getting state money for forcasting the football winners and losers?
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    ILW wrote: »
    Was he getting state money for forcasting the football winners and losers?

    No it was an allegory.
  • MFW_ASAP
    MFW_ASAP Posts: 1,458 Forumite
    grizzly1911 wrote: »
    Wouldn't have a vested interest either?

    Sorry Griz, I don't understand your point in relation to my post?
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    MFW_ASAP wrote: »
    Sorry Griz, I don't understand your point in relation to my post?

    Will you personally benefit from low interest rates for longer?

    (I know low interest rates are not just for mortgage payer benefits)
    "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
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