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<blockquote data-quote="DaveGrohl" data-source="post: 8123787" data-attributes="member: 3563"><p>It’s frankly comical that everyone’s losing their sh1t over a base rate of 1%.</p><p></p><p>All the wailing and gnashing of teeth about recessions etc is simply ignoring the fact that we’ve had an absurdly low interest rate together with money printing on an epic scale for 14 years and arguably much longer. 2008 wasn’t allowed to play out as it should’ve been and so now the piper has come calling.</p><p></p><p>At no point in history has every country around the world indulged in the experiment we’re living through. Lots of individual countries have tried it in the past with catastrophic consequences but that’s all been ignored by the world’s leaders. The way of the world these days is to give the can an almighty hoof down the road but how do we expect this to be a justifiable policy? What did we think was going to happen? The days of responsibility and financial robustness have been booted into the long grass by the side of the road years ago. We now have a choice of politicians who are just promising whatever it takes to get into power/stay in power. If promising utterly stupid policies works then that’s what they do. All round the world.</p><p></p><p>How did we get to the stage that a recession is viewed as the end of the world? They used to come round quite often. It kept everything on an even keel. Why did we expect we could abolish them? (Not even mentioning that idiot Gordon Brown). The fan is finally starting to feel a few freckles.</p></blockquote><p></p>
[QUOTE="DaveGrohl, post: 8123787, member: 3563"] It’s frankly comical that everyone’s losing their sh1t over a base rate of 1%. All the wailing and gnashing of teeth about recessions etc is simply ignoring the fact that we’ve had an absurdly low interest rate together with money printing on an epic scale for 14 years and arguably much longer. 2008 wasn’t allowed to play out as it should’ve been and so now the piper has come calling. At no point in history has every country around the world indulged in the experiment we’re living through. Lots of individual countries have tried it in the past with catastrophic consequences but that’s all been ignored by the world’s leaders. The way of the world these days is to give the can an almighty hoof down the road but how do we expect this to be a justifiable policy? What did we think was going to happen? The days of responsibility and financial robustness have been booted into the long grass by the side of the road years ago. We now have a choice of politicians who are just promising whatever it takes to get into power/stay in power. If promising utterly stupid policies works then that’s what they do. All round the world. How did we get to the stage that a recession is viewed as the end of the world? They used to come round quite often. It kept everything on an even keel. Why did we expect we could abolish them? (Not even mentioning that idiot Gordon Brown). The fan is finally starting to feel a few freckles. [/QUOTE]
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