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Blanchflower Calls For Interest Rate Cut

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Strong likelihood of a recession in the next 24 months, if there is he'll claim it could have been prevented with a rate cut etc..... Cheap money can solve all our problems apparently.... Strange that record global rates have created one of the weakest recoveries on record. It's like there's too much debt....

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Strong likelihood of a recession in the next 24 months, if there is he'll claim it could have been prevented with a rate cut etc..... Cheap money can solve all our problems apparently.... Strange that record global rates have created one of the weakest recoveries on record. It's like there's too much debt....

See my AEP thread from a few days ago

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Anyway, why should we cut interest rates just because of a falling stockmarket? It's just a market for buying and selling bits of companies, its value is, well, its value.

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Rates have been too low for too long, it was all done to save the world, sometimes the medication that makes one thing better can kill you.

There is no way back without tightening and making people work for their money. Which is a going to make them grumpy, but it is the only way.

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Keynesian halfwit, doesn't know the first thing about economics or markets. Forecasts so bad they're not even wrong. Secured an apology from the BBC for inadvertently suggesting he supported Corbynomics.

"I am not a Corbyn supporter and don't share many of his views."

Then weeks later was appointed to Corbyn's team of advisers. :rolleyes:

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So yet another BoE self serving troughing incompetent who helped to wreck the UK economy expresses an opinion.

His policies don't work except to fill his troughing pockets - even the cental banks themselves admit that now.

Edited by billybong

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Rates have been too low for too long, it was all done to save the world, sometimes the medication that makes one thing better can kill you.

There is no way back without tightening and making people work for their money. Which is a going to make them grumpy, but it is the only way.

Sadly in a debt based financial system, sentiments like this can't be applied. It's the system not the players which needs changing. It could be argued that the global economy peaked in 2000, broke in 2008 and is now crumbling away.

Edited by Assume The Opposite

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So yet another BoE self serving troughing incompetent who helped to wreck the UK economy expresses an opinion.

His policies don't work except to fill his troughing pockets - even the cental banks themselves admit that now.

Yes I think his house price has taken a pause.

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Sadly in a debt based financial system, sentiments like this can't be applied. It's the system not the players which needs changing. It could be argued that the global economy peaked in 2000, broke in 2008 and is now crumbling away.

global output is UP. So, no it cant.

Edited by R K

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Surprise, surprise, yet another boomer squealing for interest rate cuts.

Does anyone know whether he has BTLs? Is that information made public?

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