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Yes, indeed, that is the case. Not a big fan of the Frenchie bit though.
Yes, indeed, that is the case. Not a big fan of the Frenchie bit though.
Fianna Fail - The Loss of Sovereignty Party.
Surely people have learned something about how the banking system works by now.
In order to "pass something on" you need to receive it in the first place. I doubt a cut in the Refi rate will have any material impact on the cost of funds for Irish banks.
The only reason I would see a cut is to save the likes of the Greeks, Spanish and ourselves who are up s**T creek without a paddle. A default or collapse on any of these countries could spell disaster for the reputation and stability long term for the euro.
Personally I think there will be a slight hike to ease German fears of an inflationary spiral.
UK still at .5% and they are .001% out of recession
We need rates to be 0% and we need to spend what we save, ( which wont happen )
December ( 12 months ) figures down 18%
January / February - will definitely be down on last year. 100% definite.
Euro sliding in value. Rate cut adds to the slide. Euro in freefall. No rate cut now.
Our EU and ECB masters may in most cases be a lamentable bunch of neo-liberal fools who were caught cold by the unravelling of the markets they'd been worshipping, but I don't think they'll be lowering rates in the current circumstances.
The Euro being in freefall is only an entirely bad thing if you don't want to export outside the eurozone. Think Airbus. Think BMW.
When you see the words "Mises" or "Hayek" in someone's post, just ask yourself: do I really want to ban paper money and go back to gold?
You have to pity the kind of people who buy into conspiracy theories. I find the following to be the saddest words on the internet: "Re: connection between Bilderberg puppet lady gaga and viral outbreak in ukraine "
Would you say the same about certain U.S. states vis a vis the dollar?
wasn't the euro launched at about $1.18 or so? it certainly isn't weak.
California is in severe budgetary trouble and it is unthinkable that the Federal government will let them fail. Granted they are an economy similar in size to Germany.
A lot of the smaller states are going down the tubes also. Tennessee, Oregon and Kentucky being notable mentions, they don't have an IMF to be afraid of. The Fed will quietly move in to save them one by one but will not adjust economic policy to help them, unless its Detroit Michigan (Vital to the industrial military complex)
Spot on. The ECB and the Commission will deal with this, and with Spain if necessary. The IMF will not figure.
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