Mark Carney says negative interest rates ‘not an option’ for Bank of England

[scooterscot]

This style of book, like "who stole my cheese", has about 5 nuggets of useful information buried in a load of anecdote and phoney dialogue. Can you summarise?

Certainly. From the author himself. But I recommend taking time to read, his insights are wonderful. "The best teacher you'll ever have is your last mistake".

Following the recession millennials will become one of the most financial literate generations. Our generation of borrow today pay tomorrow is about to bite back is a huge way.

[Zigenare]

This style of book, like "who stole my cheese", has about 5 nuggets of useful information buried in a load of anecdote and phoney dialogue. Can you summarise?

Here you go!

1. We're doomed.
2. Be very afraid.
3. Never listen to a drunken Scotsman.
4. It's all bollox if it's not on a chart!

[Platypus]

Read it. Read it now before you burn what little wealth remains in the family.

This style of book, like "who stole my cheese", has about 5 nuggets of useful information buried in a load of anecdote and phoney dialogue. Can you summarise?

[Zigenare]

7.62 mm shirley?

Not for close quarter chav blasting, nope.

And they say you know ***** all about ***** all! Well my little squirrel molesting chum, that's another thing you know ***** all about.

[AtW]

By real assets I assume you mean tins of beans and shotgun cartridges?

7.62 mm shirley?

[TwoWolves]

Japan style lost decades here we come.

Japan only survived this period because of the carry trade with the rest of the world, now that everyone is doing it there will be very different consequences.

But not yet. Wait till the negative interest rate, when they pay you to borrow money to buy the assets.

Will only be available to financial institutions; don't believe the stories.

Buy assets that are already in a bubble? There's a reason why the poor stay poor. Rich dad, poor dad. Read it. Read it now before you burn what little wealth remains in the family.

Did you ask yourself why pension funds are purchasing negative yielding bonds and not property assets? Gold?

Astute observation.

[scooterscot]

Buy gold, property and any other real assets.

Buy assets that are already in a bubble? There's a reason why the poor stay poor. Rich dad, poor dad. Read it. Read it now before you burn what little wealth remains in the family.

Did you ask yourself why pension funds are purchasing negative yielding bonds and not property assets? Gold?

[NotAllThere]

There's nothing Carnage would like more than to walk away from the UK with a £1m a year pension and knowledge he's blown up the biggest asset bubbles in history through ZIRP and QE.

With negative interest rates he can complete the job he started.

Buy gold, property and any other real assets.

Aw bless... you mean you haven't already stocked up,

[Lance]

By real assets I assume you mean tins of beans and shotgun cartridges?

you forgot Fray Bentos pies and Spam.
All these are probably a reasonable asset over the coming months.

and gin..... don't forget gin.

[Zigenare]

There's nothing Carnage would like more than to walk away from the UK with a £1m a year pension and knowledge he's blown up the biggest asset bubbles in history through ZIRP and QE.

With negative interest rates he can complete the job he started.

Buy gold, property and any other real assets.

By real assets I assume you mean tins of beans and shotgun cartridges?

[Lance]

With negative interest rates he can complete the job he started.

Buy gold, property and any other real assets.

But not yet. Wait till the negative interest rate, when they pay you to borrow money to buy the assets.

[DimPrawn]

There's nothing Carnage would like more than to walk away from the UK with a £1m a year pension and knowledge he's blown up the biggest asset bubbles in history through ZIRP and QE.

With negative interest rates he can complete the job he started.

Buy gold, property and any other real assets.

[scooterscot]

Japan style lost decades here we come.

[TwoWolves]

Translation: By Christmas.

[Martin@AS Financial]

Full story here:

Mark Carney says negative interest rates ‘not an option’ for BoE - CityAM : CityAM