Sooo, ££££sBN bail out and a half percent cut in the base rate. Has it made you feel all warm and fuzzy inside, or do you think they're running around like headless chickens? Should they have made the base rate cut much bigger, say down to 2.5%? How about just paying all our mortgages off instead? Are we all doomed? Is the cheap oil era really over? What if there was a conveyor belt somewhere in the scheme of things?
How was it for you?
- Thread starter Shytalkz
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gordon is unlikely to be able to cure the global problem.
he can try to make it no worse than necessary.
trying to stop more banks going bust, and trying to protect depositors from losing all their savings, is about all he can do.
we also have a crisis of confidence, this usually takes several years to die away and is inside people's heads regardless of the economic position.
We still have some fundemental problems, like lending money to people who can't or won't pay it back, and behaving as if asset price inflation (e.g. what people will pay for houses or oil) will continue for ever and prices can grow infinitely
he can try to make it no worse than necessary.
trying to stop more banks going bust, and trying to protect depositors from losing all their savings, is about all he can do.
we also have a crisis of confidence, this usually takes several years to die away and is inside people's heads regardless of the economic position.
We still have some fundemental problems, like lending money to people who can't or won't pay it back, and behaving as if asset price inflation (e.g. what people will pay for houses or oil) will continue for ever and prices can grow infinitely
Personally, I have no faith in GB.
When he was a newbie in the job of Chancellor, he made the gigantic (and good) decision of giving power to the Bank of England. It made him look very clever.
Later, I found that he was required to do so under European Law, so his 'decision' turned out merely to hyperbull.
I'm not saying that he was a bad CotE, just that perpetrating the lie lost him all benefit of my doubt.
When he was a newbie in the job of Chancellor, he made the gigantic (and good) decision of giving power to the Bank of England. It made him look very clever.
Later, I found that he was required to do so under European Law, so his 'decision' turned out merely to hyperbull.
I'm not saying that he was a bad CotE, just that perpetrating the lie lost him all benefit of my doubt.
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Have you perfected the walk yet?
ive no faith in the governmenet or the chancellor. It is however a difficult position and it is a complete lack of confidence. Simply cutting the intrest rate too much will lead to higher inflation. It will calm down at some point, and maybe as the intrest rate cuts, lower fuel and the knock on of lower food, transport etc gets passed on it will start to have some good effect.
A lot of joe public are being cautious at the moment.
A lot of joe public are being cautious at the moment.
Not since Gordy sold the majority of the latter when it was worth the least of the former!
Not since Gordy sold the majority of the latter when it was worth the least of the former!
True
Article 7 of this part of the 1992 Maastricht Treaty seems to cover it.I've never heard of that requirement and I can't find anything to confirm it.
The Conservative government had been trying for years to implement it, but I don't yet understand why they were permitted to not do it.
From your link, Softus. this other part of the 1992 Maastrich treaty seems to uncover it.
I'm still trying to work out what he saidNot since Gordy sold the majority of the latter when it was worth the least of the former!
True
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