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South Korea Is The Latest To Cut Interest Rates

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http://www.nytimes.com/2013/05/10/business/global/10iht-won10.html?adxnnl=1&ref=business&adxnnlx=1368126123-EycAxUQqVP2hYWqQHTgvZA

The South Korean central bank surprised analysts on Thursday by trimming interest rates by a quarter of a percentage point — the latest central bank to cut rates in the face of tepid growth.

Australia, Europe and India have all lowered borrowing costs this month in a bid to oil the wheels of faltering economic activity.

The euro zone is still haunted by its festering debt crisis, while in Asia, the giant Chinese economy is in the midst of a major transition that entails slower growth driven more by domestic demand. In addition, economists have said the constant saber-rattling from North Korea may take a toll on sentiment.

The race to zero continues.

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The race to zero continues.

Yep- it seems we all have to trash our currencies, our wages, our working conditions, our welfare, our health services- our entire way of life.

And why are we doing these things?

Because if we do not do these things we might lose out- we might end up with lower wages, worse working conditions, worse welfare and health systems and a worse way of life.

So basically we are destroying our way of life in order to preserve it. :lol:

On a brighter note a small handful of very rich people will get even richer. It's called Globalisation.

Edited by wonderpup

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  • 241 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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