Comments on: Bank of England Slashes Rates 100 Basis Points http://www.ritholtz.com/blog/2008/12/bank-of-england-slashes-rates-100-basis-points/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 11:00:47 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: John Pozzi http://www.ritholtz.com/blog/2008/12/bank-of-england-slashes-rates-100-basis-points/comment-page-1/#comment-130846 John Pozzi Fri, 05 Dec 2008 03:53:40 +0000 http://www.ritholtz.com/blog/?p=11827#comment-130846 o% interest at www.grb.net o% interest at http://www.grb.net

]]> By: DavidB http://www.ritholtz.com/blog/2008/12/bank-of-england-slashes-rates-100-basis-points/comment-page-1/#comment-130633 DavidB Thu, 04 Dec 2008 17:07:04 +0000 http://www.ritholtz.com/blog/?p=11827#comment-130633 maybe they should all crank rates to 10%. That way at least seniors would have cash flow. It would get people savings and thus increase deposits which is what policy makers are screaming for. Plus it would wipe out all the marginal businesses. It would probably wipe out a few marginal countries too. Short term pain for long term gain. Think of the screaming though maybe they should all crank rates to 10%. That way at least seniors would have cash flow. It would get people savings and thus increase deposits which is what policy makers are screaming for. Plus it would wipe out all the marginal businesses. It would probably wipe out a few marginal countries too. Short term pain for long term gain. Think of the screaming though

]]> By: 10 cc http://www.ritholtz.com/blog/2008/12/bank-of-england-slashes-rates-100-basis-points/comment-page-1/#comment-130622 10 cc Thu, 04 Dec 2008 16:41:26 +0000 http://www.ritholtz.com/blog/?p=11827#comment-130622 Japan must really be getting pissed. In danger of losing their monopoly as distributor of free money to the world and the undisputed title belt for world champion currency killer. Japan must really be getting pissed.

In danger of losing their monopoly as distributor of free money to the world and the undisputed title belt for world champion currency killer.

]]> By: Winston Munn http://www.ritholtz.com/blog/2008/12/bank-of-england-slashes-rates-100-basis-points/comment-page-1/#comment-130569 Winston Munn Thu, 04 Dec 2008 14:30:12 +0000 http://www.ritholtz.com/blog/?p=11827#comment-130569 @Robert M, The ones running the show are monetarists - please do not confuse them with either facts or logic. @Robert M,

The ones running the show are monetarists – please do not confuse them with either facts or logic.

]]> By: wally http://www.ritholtz.com/blog/2008/12/bank-of-england-slashes-rates-100-basis-points/comment-page-1/#comment-130557 wally Thu, 04 Dec 2008 14:10:56 +0000 http://www.ritholtz.com/blog/?p=11827#comment-130557 A bit behind the curve, I'd say. First, if we are moving to deflation, there is no 'zero bound' to interest rates. Second, the rate cuts in the US - begun long enough ago to have had effects by now - have done nothing to forestall the rampant solvency problems. The liquidity problems are coming back from the other end, as Robert M says. These cuts are pointless. A bit behind the curve, I’d say. First, if we are moving to deflation, there is no ‘zero bound’ to interest rates. Second, the rate cuts in the US – begun long enough ago to have had effects by now – have done nothing to forestall the rampant solvency problems. The liquidity problems are coming back from the other end, as Robert M says.
These cuts are pointless.

]]> By: Robert M http://www.ritholtz.com/blog/2008/12/bank-of-england-slashes-rates-100-basis-points/comment-page-1/#comment-130552 Robert M Thu, 04 Dec 2008 13:46:23 +0000 http://www.ritholtz.com/blog/?p=11827#comment-130552 Why is it that no one seems to understand the demand side of the equation. Incresisng the supply side will not help any more. You can cut taxes to zero and if no one has an income they still will not buy anything. Why is it that no one seems to understand the demand side of the equation. Incresisng the supply side will not help any more. You can cut taxes to zero and if no one has an income they still will not buy anything.

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2008/12/bank-of-england-slashes-rates-100-basis-points/comment-page-1/#comment-130548 Mark E Hoffer Thu, 04 Dec 2008 13:33:54 +0000 http://www.ritholtz.com/blog/?p=11827#comment-130548 link, for above comment: http://www.riksbank.com/ it was, more specifically, their 'repo' rate.. link, for above comment: http://www.riksbank.com/

it was, more specifically, their ‘repo’ rate..

]]> By: jmborchers http://www.ritholtz.com/blog/2008/12/bank-of-england-slashes-rates-100-basis-points/comment-page-1/#comment-130543 jmborchers Thu, 04 Dec 2008 12:20:53 +0000 http://www.ritholtz.com/blog/?p=11827#comment-130543 If they stand by unity ECB cuts by 100 bps as well. They promised unity. Let's see what happens. I'm very bullish about the market for the next few months. After another Q I think everyone will look how things are going but for now I think the market is almost out of sellers at these prices. If they stand by unity ECB cuts by 100 bps as well. They promised unity. Let’s see what happens. I’m very bullish about the market for the next few months. After another Q I think everyone will look how things are going but for now I think the market is almost out of sellers at these prices.

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2008/12/bank-of-england-slashes-rates-100-basis-points/comment-page-1/#comment-130542 Mark E Hoffer Thu, 04 Dec 2008 12:11:32 +0000 http://www.ritholtz.com/blog/?p=11827#comment-130542 don't forget Sweden's 175 bps move to the d-side, as well.. don’t forget Sweden’s 175 bps move to the d-side, as well..

]]>