Going down

[Xena Worried prince]

Another 0.5% drop in interest rates along with Quantitative easing

Will this help the economy or not ?

[LegalEagle-ish]

I thought this was a thread about sexual practices, sorry.

[????]

Nope - not really

Our (and thanks to us and the yanks) the global economy has recently been built on spending way beyond our means built on the foundation of an expectation of increased real income and inflating houseprices and other assets- these particular bubble assumptions have now had a big. big reality check.We are even more screwed becuase a larger part of our economy than most others (excepting Icealand maybe) was built on this bull. People, for now, are realising this so any extra money they get as a result of interest rates cuts (and for savers there isn't any) should be used to reduce the stupid level of debt we have acquired......I expect REAL incomes and houseprices to be declining for upto a decade, most of us better forget about our organic delis/skiing trips and other such indulgencies for some time....

[snorky]

capital is currently very sick

it will however make a lazarus like recovery sooner than you think with only a bit of amnesia to show for its illness

It will be ion its feet befpre you know it ( despite the repeated gloomy prognosis of BBC economics pundits)

[Mick Mac]

Hope your right snorky, the grim reaper of redundancy still hangs over most city institutions.

[Ladygooner]

I thought this should have been on the football thread! I love it when the interest rate goes down as so does my mortgage and I can then spend more in the shops thus helping the economy

[dulwichmum]

Thank God for that! I feared I was going to be forced to slap some legs on this thread...

[bigbadwolf]

I thought it was about interest rates.

[karter]

snorky and quids with conflicting statements. We really are buggered.

[snorky]

We shall have bit the bottom with a bang come the long hot summer - we could bounce along for a while though - this, I have no clue about

[ratty]

I love this recession. My mortgage has now gone down over ?400 per month.

[Xena Worried prince]

My Mortgage goes down by another .5% in May (This change will be applied to my account on the 3rd April, 2 days after the April Payment goes out)

Looks like May is going to be a cheaper month for me. but I want it now !!!

[woofmarkthedog]

Nah

[tommy]

Q.E didn't help Japan for a decade - hopefully we've learnt a few lessons from that. The difficulty is getting the level of cash into the economy right - and for the banks to start passing it on

[????]

Tommy - scarily the rest of the world was booming in that decade. I think we are well and truly f*cked...seriously, I'm genuinely worried about my kids future in the UK and completly resigned to the fact that I'll have to work until I die unless I'm happy on ?65 a week...and I'm someone who started a private pension 20 plus years ago....the Public Sector people think they'll escape this but when the UK goes bust they'll pensions will be as useful as a Zimbabwean's civil servant's one. We will be a 2nd world country within a decade or so

[Xena Worried prince]

I think what ever happens, we need to keep the old war mentality going. If Londoners could make it through the Blitz then we can make it through the Brown ;-)