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Presumable a rate cut is more aimed at the loan markets...?
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What are people gonna buy? Aren’t most peeps going to be on stat sick pay, if that even exists in their country?
That is exactly the problem, as discussed in this episode of "The Daily" (New York Times podcast).
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What are people gonna buy?
Houses. In six months time.
GoatandTricycle
SwissChap
Howard
@benjam
Captain Fantastic in available on iPlayer. Get some inspiration right there.
It does seem somewhat hilarious that, in the face of a pandemic central banks cut interest rates - which is typically done to stimulate the economy, i.e. spending.
What are people gonna buy? Aren’t most peeps going to be on stat sick pay, if that even exists in their country?