BoE cuts rates!!

[ChimpMaster]

BTLs to survive another year .... I think not

[NoddY]

BTLs to survive another year .... I think not

Sterling to be pulped US Dollar style. Only poor people work for pounds.

[BrilloPad]

what happens when they reach zero but inflation still dropping?

[Troll]

what happens when they reach zero but inflation still dropping?

didn't Japan have zero for sometime after it's property bubble burst?

[DimPrawn]

Does this sound familiar?

Japan.

Boom years, huge growth in the economy, low unemployment, massive increase in property prices.

Then, growth falls and inflation rises. Interest rates cut, cut, cut, cut until zero. Still no growth and rising inflation (stagflation). Huge fall in property prices. Large rise in unemployment.

Result is decades in the economic wilderness.


HTH

[rootsnall]

Japan.

Boom years, huge growth in the economy, low unemployment, massive increase in property prices.

Then, growth falls and inflation rises. Interest rates cut, cut, cut, cut until zero. Still no growth and rising inflation (stagflation). Huge fall in property prices. Large rise in unemployment.

Result is decades in the economic wilderness.


HTH

falls

deflation

[BrilloPad]

Japan.

Boom years, huge growth in the economy, low unemployment, massive increase in property prices.

Then, growth falls and inflation rises. Interest rates cut, cut, cut, cut until zero. Still no growth and rising inflation (stagflation). Huge fall in property prices. Large rise in unemployment.

Result is decades in the economic wilderness.


HTH

decades a bit extreme. about 15 years in Japan's case?

[BrilloPad]

Japan of 1990 like USA of 1930. Japan took 15 years to recover, USA took 25 years. But USA had a war to contend with.

[FiveTimes]

Japan of 1990 like USA of 1930. Japan took 15 years to recover, USA took 25 years. But USA had a war to contend with.

The USA always seem to have a war to contend with

[TimberWolf]

Japan.

Boom years, huge growth in the economy, low unemployment, massive increase in property prices.

Then, growth falls and inflation rises. Interest rates cut, cut, cut, cut until zero. Still no growth and rising inflation (stagflation). Huge fall in property prices. Large rise in unemployment.

Result is decades in the economic wilderness.


HTH

Yeah, but it’s going to be different this time.

Huge fall in property prices.

Do you recall what percentage drop it was in Japan? I recall hearing something like 80%, which makes 'huge' a huge understatement. What falls in house prices have the US seen?