Have you got too much cash?
Feb 26th 2013 | 7:10 am
#1
Thread Starter
Banned
Joined: Apr 2012
Posts: 285
Have you got too much cash?
Negative interest rates idea floated by Bank's Paul Tucker
Paul Tucker told MPs he had suggested negative interest rates in an attempt to boost the economy
Bank of England deputy governor Paul Tucker has said negative interest rates should be considered.
http://www.bbc.co.uk/news/business-21589128
Paul Tucker told MPs he had suggested negative interest rates in an attempt to boost the economy
Bank of England deputy governor Paul Tucker has said negative interest rates should be considered.
http://www.bbc.co.uk/news/business-21589128
Feb 27th 2013 | 12:10 am
#2
BE Enthusiast
Joined: Mar 2007
Posts: 545
From: Currently in Somerset
Re: Have you got too much cash?
Negative interest rates idea floated by Bank's Paul Tucker
Paul Tucker told MPs he had suggested negative interest rates in an attempt to boost the economy
Bank of England deputy governor Paul Tucker has said negative interest rates should be considered.
http://www.bbc.co.uk/news/business-21589128
Paul Tucker told MPs he had suggested negative interest rates in an attempt to boost the economy
Bank of England deputy governor Paul Tucker has said negative interest rates should be considered.
http://www.bbc.co.uk/news/business-21589128
Feb 27th 2013 | 10:57 pm
#3
Banned
Joined: Sep 2009
Posts: 207
From: Portugal
Re: Have you got too much cash?
What difference does it matter how much you have? What you do not have amounts to much more.
Feb 28th 2013 | 12:46 am
#4
Thread Starter
Banned
Joined: Apr 2012
Posts: 285
Re: Have you got too much cash?
Before long this economic disease will catch on in Portugal, I swear it.
They can't wait for your demise to be able to deprive you of your wealth, no matter how paltry it is.
Feb 28th 2013 | 5:47 am
#5
Banned
Joined: Oct 2012
Posts: 26,724
Re: Have you got too much cash?
SR it has got nothing to do with the amount of cash the privcate individual has it is only the BOE who will be charging the Banks for deposits with them.
There is a downside that the BANKS ( generous as ever ) will try to recover the BOE charges by reducing the already low rates they offer savers.
The plus side ( in theory ) is that the banks will lend rather than place on deposit with the BOE and that savers will spend as there is no point saving.
It is in theory one way of getting the economy moving.
Yes it could be news for those who rely on interest from savings,
There is a downside that the BANKS ( generous as ever ) will try to recover the BOE charges by reducing the already low rates they offer savers.
The plus side ( in theory ) is that the banks will lend rather than place on deposit with the BOE and that savers will spend as there is no point saving.
It is in theory one way of getting the economy moving.
Yes it could be news for those who rely on interest from savings,
Feb 28th 2013 | 7:37 pm
#6
BE Enthusiast
Joined: Mar 2007
Posts: 545
From: Currently in Somerset
Re: Have you got too much cash?
SR it has got nothing to do with the amount of cash the privcate individual has it is only the BOE who will be charging the Banks for deposits with them.
There is a downside that the BANKS ( generous as ever ) will try to recover the BOE charges by reducing the already low rates they offer savers.
The plus side ( in theory ) is that the banks will lend rather than place on deposit with the BOE and that savers will spend as there is no point saving.
It is in theory one way of getting the economy moving.
Yes it could be news for those who rely on interest from savings,
There is a downside that the BANKS ( generous as ever ) will try to recover the BOE charges by reducing the already low rates they offer savers.
The plus side ( in theory ) is that the banks will lend rather than place on deposit with the BOE and that savers will spend as there is no point saving.
It is in theory one way of getting the economy moving.
Yes it could be news for those who rely on interest from savings,
Remarkable too, that SR can swear what's going to happen in PT,he must have crystal ball
Mar 1st 2013 | 2:20 am
#7
Thread Starter
Banned
Joined: Apr 2012
Posts: 285
Re: Have you got too much cash?
Mar 13th 2013 | 6:27 pm
#8
Forum Regular
Joined: Feb 2013
Posts: 108
From: Ferreira do Zezere
Re: Have you got too much cash?
If only I had too much cash, I would be so happy.
Mar 13th 2013 | 7:38 pm
#9
House sitting in Portugal
Joined: Apr 2012
Posts: 169
From: Bedford UK when not in Portugal
Re: Have you got too much cash?
You may also find that having JUST enough (as I do, luckily!) brings a huge satisfaction into your life.
Wilkins Micawber's line about £20 annual income says it all.
I house sit for several fabulously wealthy people. I know first hand that I am happier and more free from worry than they are.
No, you rich people, you keep your money. I'll settle for health, happiness and honesty thank you.
Wilkins Micawber's line about £20 annual income says it all.
I house sit for several fabulously wealthy people. I know first hand that I am happier and more free from worry than they are.
No, you rich people, you keep your money. I'll settle for health, happiness and honesty thank you.
