Quote:
Originally Posted by Damien
Seems stupid to me. You're basically being encouraged to go out and spend or convert your cash into something that can hold it's value.
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good point worry its dangers are the future.
I starting to wonder anybody got clue what to do from osbourne BOE. Its almost lets try this see what happens.
Just hope canadian mountie got better fiscal grasp.
Back going to the crisis 2008 argument austerity or not to rescue it. I said the world should teamed up to do trials help those nations where it failed. You also would had some nations who would been able to support others by non austerity measures. It was unique situation felt needed unique way dealing with it.
It may work but that second link scares me what could happen.
Although news US becoming strong again might be good news. It may drag other nations out of the mess with exports. Save this sorry government backside.
---------- Post added at 18:55 ---------- Previous post was at 18:46 ----------
Quote:
Originally Posted by rogerdraig
its about what interest the banks get for thier money saved with central bank it should encorage them to lend it and make money rather than just putting it in safe place and making money for doing nothing this would mean they would loose money if they did nothing with it
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yep read this but seems alot risks come with this move. Too me sounds a all in poker hand move. If it fails it bricks you if it works it bites you later. One which tend play if sure you got winning hand.
Some things was reading such increases land/property values fear its already overpriced. Inflation increases this could be worry to low incomes. Although wages may increase to compensate good thing. Other creates jobs development boom.
Has it worked in denmark and switzerland. My worry it seems very rare something tend to avoid.