Economy is bombed out, time to take action!

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CryingSheep replied

14 September 2019, 17:15
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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Old Greg replied

13 September 2019, 15:44
Originally posted by DimPrawn View Post

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!

Crappy timing for a No Deal Brexit.
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scooterscot replied

13 September 2019, 15:10
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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BrilloPad replied

13 September 2019, 06:54
Hopefully this is because UK companies are now sourcing from the UK instead of buying from the continent....
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scooterscot replied

12 September 2019, 22:16
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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DimPrawn started a topic Economy is bombed out, time to take action!

12 September 2019, 19:49
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!
Tags: dim prawn drivel