U.K Interest rates down (again) to 2%

[shropshire 0]

Let's hope that the mortgage rate goes down accordingly too.... but of course this hits our savings.

(.)Y(.)
Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome

[mrwrong 0]

The Swedish national bank lowered from 3.75% to 2% today.

“The sum of intelligence on the planet is a constant; the population is growing.” - George Bernard Shaw
He who dies with the most toys, wins.....
dudeist skydiver # 19515
Buy quality and cry once!

[nigel99 625]

Hopefully this reply isn't in-appropriate for bonfire perhaps some (.)(.) will cover for it?

How can we ever get out of the mess we are in? It appears that the proposed solution from 10 is to get us all to borrow more - in fact that's what they are doing on our behalf. It doesn't seem to make sense

You've kept the economy (falsely) strong by borrowing - we've realised that you can't afford to pay it back, so we'll step in and underwrite you borrowing some more to keep the economy ticking over?

Please include boobies in reply to keep it the thread in bonfire

Experienced jumper - someone who has made mistakes more often than I have and lived.

[shropshire 0]

(.)(.)

that's all I have

(.)Y(.)
Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome

[DrewEckhardt 0]

Quote

Hopefully this reply isn't in-appropriate for bonfire perhaps some (.)(.) will cover for it?

How can we ever get out of the mess we are in? It appears that the proposed solution from 10 is to get us all to borrow more - in fact that's what they are doing on our behalf. It doesn't seem to make sense

Wait a few decades for inflation to match real values with real-estate prices and for the real economy to catch up with where the fake house-of-cards credit based system was at its high point and hope that during that time we don't get killed by competition in the developing world where even skilled labor costs a fraction (1/10th) of what it does in America, the people are just as smart, and are far more numerous (2 billion in India and China alone) than all of North America and Europe.

You've kept the economy (falsely) strong by borrowing - we've realised that you can't afford to pay it back, so we'll step in and underwrite you borrowing some more to keep the economy ticking over?