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Lots of information that the markets NOT the CB will set rates. Its the old story of surply & demand. Because the CDO's etc have dried up the sea of liquatly has gone!
Cheap money, throw money at you etc has gone!
Now we are already starting to see Major Banks offer VERY high rates for private savings. Here in Blighty we are already @ 7% !
My thoughts are that we are are going to see CB Cut rates, then look rather foolish when its pointed out to them by a now WIDE awake MSM that THEY don't set the rate any more!
At that point CB will either bang up rates to cover their asses or Print SHIT loads of cash!
Mega Inflation here we come!
Mike
(See, who needs EJ when you got me)
Cheap money, throw money at you etc has gone!
Now we are already starting to see Major Banks offer VERY high rates for private savings. Here in Blighty we are already @ 7% !
My thoughts are that we are are going to see CB Cut rates, then look rather foolish when its pointed out to them by a now WIDE awake MSM that THEY don't set the rate any more!
At that point CB will either bang up rates to cover their asses or Print SHIT loads of cash!
Mega Inflation here we come!
Mike
(See, who needs EJ when you got me)