Reply to: Mark Carney: BoE could cut interest rates

[jamesbrown]

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...

Analysts need to keep it simple: by how many hundreds of percent will my house price increase under the Carney-Gidiot tag-team and how best can I speculate on this?

[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...

[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.

[DimPrawn]

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

[shaunbhoy]

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

[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.

[jamesbrown]

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

Yep. Imagine being a transcriber for that committee.

[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]

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]

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;

[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.

[OwlHoot]

However, Carney said the Bank will not be taking interest rates negative, as this measure has “serious” implications on financial services.

He said: “We have no intention, no interest in negative interest rates. ...

I don't necessarily believe that.

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.

[AtW]

And anyone in the UK exporting stuff.

+1

Sterling is at lower point for USD than it was during Lehmans disaster, that tells you all about competence of UK Govt, in this particular case it's the only good thing they've done for me, I'd trade it gladly for stronger pound but no extra dividend taxes and 40% max tax band

[DimPrawn]

I just wish the government would decide if they want people to save money or spend it already...

We all need to spend all our money to boost the economy, whilst borrowing and reducing our debt levels, simultaneousy piling it into pensions for our future, all the while not being greedy with our pensions, plus pay lots of tax whilst carefully using tax breaks to increase our take home, goto line 1.

Simples.

[seanraaron]

I just wish the government would decide if they want people to save money or spend it already...