Mark Carney: BoE could cut interest rates

[AtW]

One thing that would be essential in introducing a negative interest cashless World economy is World-wide coordination, and who is to say that isn't being discussed even now.

They've already achieved their aim - most people in this country got very little money (cash or not) in the first place.

[DimPrawn]

They've already achieved their aim - most people in this country got very little money (cash or not) in the first place.

1. Start here with Money.
2. Get divorced. Money = Money / 2;
3. Let Gidiot have a go. Money = Money / 2;
4. Let the banks apply negative rates and depositor haircuts. Money = Money / 2;

[jamesbrown]

Whether it does or not, that reporting is utter crap. I was listening to that committee (anorak, I know) and he was purely answering a hypothetical question about the lower bound they envisage. There was no change in policy direction implied.

[DimPrawn]

Whether it does or not, that reporting is utter crap. I was listening to that committee (anorak, I know) and he was purely answering a hypothetical question about the lower bound they envisage. There was no change in policy direction implied.

Sadly I listened too. So boring I will never listen to that crap again.

[jamesbrown]

Sadly I listened too. So boring I will never listen to that crap again.

Yep. Imagine being a transcriber for that committee.

[seanraaron]

I don't necessarily believe that

Probably a good idea since this is the guy who got slapped for rattling the markets not long ago by talking about a %5 rate rise over the course of the next year or two and then sharply back-pedalled once he realised the economy wasn't that hot, actually.

In the States they've had monthly fees to maintain a savings account with less than $1000 balance and a fraction of a point of interest for years. We've never had it so good here.

[shaunbhoy]

Yes yes yes....this is all well and good, but what is it going to do for the price of my house?

[DimPrawn]

Yes yes yes....this is all well and good, but what is it going to do for the price of my house?

[AtW]

1. Start here with Money.
2. Get divorced. Money = Money / 2;
3. Let Gidiot have a go. Money = Money / 2;
4. Let the banks apply negative rates and depositor haircuts. Money = Money / 2;

5. And then you die - Gidiot gets half again.

[AtW]

Yep. Imagine being a transcriber for that committee.

Transcriber does not need to understand the tulip they are saying - imagine poor analysts who have to read and try to understand what they meant between the lines...