And even with all that money being printed and all this eurozone (imaginary) crisis, the pound will still keep depreciating against the euro!
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Previously on "Economy is bombed out, time to take action!"
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Originally posted by DimPrawn View PostEurozone gets fresh help to bolster flagging growth - BBC News
The European Central Bank has unveiled fresh stimulus measures to bolster the eurozone, including cutting a key interest rate.
The deposit facility rate, paid by banks on reserves parked at the ECB, was already negative, but has now been cut from minus 0.4% to minus 0.5%.
The ECB also said it was re-starting quantitative easing. It will buy €20bn of debt a month from 1 November.
Happy money printing day!
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Yes - decades of prolonged downturn in manufacturing brought back up to speed in 2-days after extra wall socket was found behind fridge.
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Hopefully this is because UK companies are now sourcing from the UK instead of buying from the continent....
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Totally bonkers. The day of reckoning will be all the more powerful with this recklessness. 2007/8 will be a historical blip compared to what's coming.
What will be the Black swan though? Oct 31st? But then that wouldn't be a black swan since we know about it.
Something has to happen that no one saw coming. I reckon parliament remains closed after prorogation. Westminster does a Stormont. That'll do it.
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Economy is bombed out, time to take action!
Eurozone gets fresh help to bolster flagging growth - BBC News
The European Central Bank has unveiled fresh stimulus measures to bolster the eurozone, including cutting a key interest rate.
The deposit facility rate, paid by banks on reserves parked at the ECB, was already negative, but has now been cut from minus 0.4% to minus 0.5%.
The ECB also said it was re-starting quantitative easing. It will buy €20bn of debt a month from 1 November.
Happy money printing day!
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