Tuesday, Jan 19, 2010
China has the right idea
Cnbc: China tightens monetary policy
so china tightens to stop bubbles in loans and property bubbles....seem to have the right idea...infact any o level student could tell you what should be done......how long before it has to be done here
Almost all countries have looney low interest rates so bearing in mind that was the problem,I expect a real possibility of another financial collapse
Posted by taffee @ 07:02 AM (513 views) Add Comment
3 Comments
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1. paul said...
But the UK's central bank has told us the answer to too much cheap money is more cheaper money, right?
2. hpwatcher said...
But the UK's central bank has told us the answer to too much cheap money is more cheaper money, right?
And loads more spending.
Perhaps the UK and US are in such deep holes, they will try absolutely anything............no matter how mad.
3. timmy t said...
I really am starting to ask myself who are the idiots in all this... Is it the ones who borrowed too much but are enjoying life, sitting around surrounded by luxury goods bought on credit, not giving a toss that they are up to their ears in debt, happy to declare themselves bankrupt and wipe the slate clean. Or is it the likes of us who planned for a better future, wanting to live within our means, spending only what we have, and then seeing taxes rise in order to bailout the banks who lent to the other lot, seeing interest on our savings wiped out and wondering how long we will have to keep working to secure the future we wanted...
I always thought I was being smart living within my means - now I'm far less sure.