Economy is bombed out, time to take action! Economy is bombed out, time to take action!
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  1. #1

    Richer than sasguru

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    Default 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!

  2. #2

    I live on CUK

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    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.
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

  3. #3

    I Am Legend


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    Hopefully this is because UK companies are now sourcing from the UK instead of buying from the continent....

  4. #4

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    Yes - decades of prolonged downturn in manufacturing brought back up to speed in 2-days after extra wall socket was found behind fridge.
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

  5. #5

    I live on CUK

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    Quote 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.
    Quote Originally Posted by Bean
    I admit that I'm a lazy lying cretin, but so what?
    25 June 2018

  6. #6

    More time posting than coding

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    And even with all that money being printed and all this eurozone (imaginary) crisis, the pound will still keep depreciating against the euro!

    Sent from my ONEPLUS A6000 using Contractor UK Forum mobile app
    "The boy who cried Sheep"

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