shlomo Posted August 2, 2020 Share Posted August 2, 2020 https://www.thisismoney.co.uk/money/news/article-8583931/Another-100bn-stimulus-rates-face-cut-zero.html The Bank of England could launch a further stimulus package worth as much as £100billion before it cuts rates to below zero, economists are forecasting. Economists say interest rates are likely to remain at 0.1 per cent when the Bank meets this week. But data firm Bloomberg said the money markets are already beginning to price in a cut to negative in the second quarter next year. And one expert has even raised the possibility of the Bank at some point introducing restrictions on the use of cash. A move to negative interest rates – the first time ever in Britain - would mean commercial banks being charged to lodge their money with the Bank, and those charges, in turn, would be passed on to their customers. Quote Link to comment Share on other sites More sharing options...
adarmo Posted August 2, 2020 Share Posted August 2, 2020 https://youtu.be/IWWwM2wwMww Turning Japanese Quote Link to comment Share on other sites More sharing options...
shlomo Posted August 2, 2020 Author Share Posted August 2, 2020 Negative interest rates....we would have to pay them to hold our money. Quote Link to comment Share on other sites More sharing options...
satsuma Posted August 2, 2020 Share Posted August 2, 2020 9 minutes ago, shlomo said: Negative interest rates....we would have to pay them to hold our money. Should probably just blow the savings on a DB11 Quote Link to comment Share on other sites More sharing options...
shlomo Posted August 2, 2020 Author Share Posted August 2, 2020 1 minute ago, satsuma said: Should probably just blow the savings on a DB11 So many truths are being undone, this is a shock to the system, i wonder where we are going. Quote Link to comment Share on other sites More sharing options...
msi Posted August 2, 2020 Share Posted August 2, 2020 -ve rates would just push value into hard assets that can be hidden. Housing is hard to hide, but you can hide a DB4 in your mates shed. Quote Link to comment Share on other sites More sharing options...
satsuma Posted August 2, 2020 Share Posted August 2, 2020 25 minutes ago, msi said: -ve rates would just push value into hard assets that can be hidden. Housing is hard to hide, but you can hide a DB4 in your mates shed. Your not wrong Quote Link to comment Share on other sites More sharing options...
satsuma Posted August 2, 2020 Share Posted August 2, 2020 26 minutes ago, shlomo said: So many truths are being undone, this is a shock to the system, i wonder where we are going. Truth? We are far past that and are in “post truth” which is code for we have been lied to for so long that we accept it and doubt what we know or that we can change ten system Quote Link to comment Share on other sites More sharing options...
longgone Posted August 2, 2020 Share Posted August 2, 2020 These wasters don`t have a clue what to do. debt is always the answer but sadly the wrong one. Quote Link to comment Share on other sites More sharing options...
MarkG Posted August 3, 2020 Share Posted August 3, 2020 6 hours ago, msi said: Housing is hard to hide, but you can hide a DB4 in your mates shed. Guns, rice, beans and ammo would probably be a better investment at this point. Quote Link to comment Share on other sites More sharing options...
Simhadri Posted August 3, 2020 Share Posted August 3, 2020 My prediction is true. We'll see QE with low interest rates again next year. It's 2013 again. House prices will jump in 2021 again. Quote Link to comment Share on other sites More sharing options...
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