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Interest rate chestnut - voters are still stupid (Read 3899 times)
aquascoot
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Re: Interest rate chestnut - voters are still stupid
Reply #30 - Nov 6th, 2012 at 3:37pm  
adelcrow wrote on Nov 6th, 2012 at 3:30pm:
This has been going on for more than a hundred years so all the doomsayers should have a bex and a good lie down.
In shaky international times we keep the economy ticking along by dropping interest rates and increasing the national debt to use on projects to stop our economy from collapsing and when times improve internationally and the money starts flowing again we pay down the debt, increase interest rates and taxes and Bobs your uncle..things are hunky dory again.
No matter who is in power the cycle is always the same..or were the doomsayers all born yesterday?

Grin Grin
you hope.

they have cut as far as they can to try to kickstart europe, japan and america.  they are trying to kickstart a dead motorbike.
they move from austerity to printing money in a desperate hope to get some growth. the imbalance is probably too bad now, the growing economies rely on the mature economies to keep buying and they have no more room to create stimulus.

all that would get the economy going is WW3 Shocked Shocked Shocked
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adelcrow
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Re: Interest rate chestnut - voters are still stupid
Reply #31 - Nov 6th, 2012 at 4:14pm  
aquascoot wrote on Nov 6th, 2012 at 3:37pm:
adelcrow wrote on Nov 6th, 2012 at 3:30pm:
This has been going on for more than a hundred years so all the doomsayers should have a bex and a good lie down.
In shaky international times we keep the economy ticking along by dropping interest rates and increasing the national debt to use on projects to stop our economy from collapsing and when times improve internationally and the money starts flowing again we pay down the debt, increase interest rates and taxes and Bobs your uncle..things are hunky dory again.
No matter who is in power the cycle is always the same..or were the doomsayers all born yesterday?

Grin Grin
you hope.

they have cut as far as they can to try to kickstart europe, japan and america.  they are trying to kickstart a dead motorbike.
they move from austerity to printing money in a desperate hope to get some growth. the imbalance is probably too bad now, the growing economies rely on the mature economies to keep buying and they have no more room to create stimulus.

all that would get the economy going is WW3 Shocked Shocked Shocked


Its a much slower recovery because we managed to keep out of a world war this time around and lets hope we dont need one before we start to see real progress around the globe.
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