(Crazy) economy news

Skybird · 03-21-23, 07:16 AM

"Dive! Dive! Dive!" Despite a financial emergency infusion from other banks for First Republic Bank, its shares have crashed by another 47% on Monday.

The total loss in value since the beginning of the year is about 90%.

Jimbuna · 03-24-23, 07:59 AM

The Bank of England will "totally crash the economy" if they continue to keep interest rates at their current levels, an economist warns. On Thursday, the Bank announced that it will raise borrowing costs for an eleventh successive time to 4.25 percent from 4 percent.

https://www.msn.com/en-gb/money/othe...b7e461f9&ei=10

Skybird · 03-24-23, 11:59 AM

Quote:

Originally Posted by Jimbuna

The Bank of England will "totally crash the economy" if they continue to keep interest rates at their current levels, an economist warns. On Thursday, the Bank announced that it will raise borrowing costs for an eleventh successive time to 4.25 percent from 4 percent.

https://www.msn.com/en-gb/money/othe...b7e461f9&ei=10

Inflation is a hydra with many heads to chop off, and when you cut off one, two new are growing. Damned if you do and damned if you dont.

We now get the bill served for the past 15 and 50 years, for the ECB and the FED are in the same situation.

Either we junkies go on cold turkey - or we face continued addiction until the golden shot. Its not gonna be nice either way. The situation will be abused further by using it to push and finally enforce cashlessness, what will make evertyhing worse and people way more vulnerable and weak towards the state. Any many even want it this way, and think thats cool.

The blind show the stupids the way.

Jimbuna · 03-24-23, 12:30 PM

Add to the above the growing numbers in France demanding Frexit and the cancellation of King Charles visit to said country.

Happy times ahead it would appear.

03-21-23, 07:16 AM	#1
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,716 Downloads: 10 Uploads: 0	"Dive! Dive! Dive!" Despite a financial emergency infusion from other banks for First Republic Bank, its shares have crashed by another 47% on Monday. The total loss in value since the beginning of the year is about 90%. __________________ If you feel nuts, consult an expert.

03-24-23, 07:59 AM	#2
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,938 Downloads: 63 Uploads: 13	The Bank of England will "totally crash the economy" if they continue to keep interest rates at their current levels, an economist warns. On Thursday, the Bank announced that it will raise borrowing costs for an eleventh successive time to 4.25 percent from 4 percent. https://www.msn.com/en-gb/money/othe...b7e461f9&ei=10 __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!

03-24-23, 12:30 PM	#4
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,938 Downloads: 63 Uploads: 13	Add to the above the growing numbers in France demanding Frexit and the cancellation of King Charles visit to said country. Happy times ahead it would appear. __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!