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ECB surprises analysts and CUTS interest rate to 0.25%

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Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    grizzly1911 wrote: »
    "Who said they are highly paid?"

    Suggest that they aren't highly paid.
    No Griz, you're trying to muddle something I didn't say which another poster stated quite clearly btw.

    It has no relation to my post.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    grizzly1911 wrote: »
    Analysts will have differing views it depends on which view is chosen to follow which is usually a political decision.
    So it's not the analysts that didn't get it wrong it'd the political decision that was made that is the cause of recessions.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    chucky wrote: »
    So it's not the analysts that didn't get it wrong it'd the political decision that was made that is the cause of recessions.


    Variable proportions of economists will also have made the wrong call.

    A succession of poor political decisions and a good dollop of greed by those outwitting them maybe.

    The most catastrophic failures are rarely down to one factor.
    "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: »
    No Griz, you're trying to muddle something I didn't say which another poster stated quite clearly btw.

    It has no relation to my post.


    So they are highly paid?

    NB:- I don't usually do pedantic but they either are or they not, relatively.
    "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
    grizzly1911 wrote: »
    The most catastrophic failures are rarely down to one factor.
    Exactly, so let's stop blaming the analysts or Gordon Brown and look at the bigger picture.
  • MFW_ASAP
    MFW_ASAP Posts: 1,458 Forumite
    grizzly1911 wrote: »
    Will you personally benefit from low interest rates for longer?

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

    No, I have almost £16k in Cash ISAs earning 1% and my mortgage is fixed rate.
  • ILW
    ILW Posts: 18,333 Forumite
    chucky wrote: »
    Exactly, so let's stop blaming the analysts or Gordon Brown and look at the bigger picture.

    Don't think anyone is fully blaming the analysts, it was more a retort to your comments about armchair economists being different. It appears that the armchair economists are just as accurate as the professionals (ie not at all) in most cases.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    chucky wrote: »
    Exactly, so let's stop blaming the analysts or Gordon Brown and look at the bigger picture.

    I never have blamed Gordn Brown, he did many things "wrong", but he alone wasn't responsible for the GFC.
    "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
    grizzly1911 wrote: »
    Wouldn't have a vested interest either?

    Now we have established I don't have a vested interest, would you car to comment on my original post?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    ILW wrote: »
    It appears that the armchair economists are just as accurate as the professionals (ie not at all) in most cases.
    If you really say so.
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