bastards
It wont work how they want it to. Reducing rates that much will mean less people investing money into bank accounts, meaning a shortage of money for banks to then loan out. They are punishing the people who were prudent enough not to loan more than they could handle.
You only have to look as far as Japan a decade ago to see this form of economic revival package will not work, and they had lots of factories supplying jobs to the economy!
Posted By: Tony Martin on March 5th 2009 at 12:28:11
Message Thread
- Interest rates down to 0.5% (n/m) (General Chat) - lovely old job, Mar 5, 12:16:25
- We went with a fixed rate mortgage as they were beginning to creep up back then (General Chat) - megson, Mar 5, 12:45:59
- my fixed rate expires in 3-months it will make about ?250 a month diff for me. (n/m) (General Chat) - lovely old job, Mar 5, 12:51:14
- aye, we were just under 6% i think. Got another year though. (General Chat) - megson, Mar 5, 12:55:06
- my fixed rate expires in 3-months it will make about ?250 a month diff for me. (n/m) (General Chat) - lovely old job, Mar 5, 12:51:14
- just wait for the inflation ! (n/m) (General Chat) - shoddy, Mar 5, 12:30:45
- we need a bit of inflation but I think one day we will be so inflated we will be floating (General Chat) - lovely old job, Mar 5, 12:38:31
- i'd have liked to see a bit of healthy deflation first just a short period though (n/m) (General Chat) - Tony Martin, Mar 5, 12:47:51
- If you or I printed money they would lock us up, one way bastards. (n/m) (General Chat) - lovely old job, Mar 5, 12:52:08
- lol (n/m) (General Chat) - Tony Martin, Mar 5, 12:58:24
- If you or I printed money they would lock us up, one way bastards. (n/m) (General Chat) - lovely old job, Mar 5, 12:52:08
- i'd have liked to see a bit of healthy deflation first just a short period though (n/m) (General Chat) - Tony Martin, Mar 5, 12:47:51
- we need a bit of inflation but I think one day we will be so inflated we will be floating (General Chat) - lovely old job, Mar 5, 12:38:31
- How to make money for the public. (n/m) (General Chat) - songwriter81, Mar 5, 12:29:07
- bastards (General Chat) - Tony Martin, Mar 5, 12:28:11
- but they are also creating 75billion in government bonds to the banks (General Chat) - cookpassbabtridge, Mar 5, 12:48:45
- leading to increased inflation - when people are already struggling with small amounts (General Chat) - Tony Martin, Mar 5, 12:57:42
- but shirley doing nothing and just leaving it to Capitalism (General Chat) - cookpassbabtridge, Mar 5, 13:03:54
- lol yes "thank god we've got a labour government" hmmm (General Chat) - Tony Martin, Mar 5, 13:07:17
- We are a laughing stock because of them (n/m) (General Chat) - shoddy, Mar 5, 13:16:00
- I thought it was because of Delia (n/m) (General Chat) - CB41, Mar 5, 14:01:27
- We are a laughing stock because of them (n/m) (General Chat) - shoddy, Mar 5, 13:16:00
- lol yes "thank god we've got a labour government" hmmm (General Chat) - Tony Martin, Mar 5, 13:07:17
- but shirley doing nothing and just leaving it to Capitalism (General Chat) - cookpassbabtridge, Mar 5, 13:03:54
- leading to increased inflation - when people are already struggling with small amounts (General Chat) - Tony Martin, Mar 5, 12:57:42
- but they are also creating 75billion in government bonds to the banks (General Chat) - cookpassbabtridge, Mar 5, 12:48:45
- Free money for everyone soon. (General Chat) - tudders, Mar 5, 12:25:09
- We went with a fixed rate mortgage as they were beginning to creep up back then (General Chat) - megson, Mar 5, 12:45:59
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