I may not be an expert, but......
Jan. 8th, 2009 06:39 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
rich_jacko......how exactly does taking away all profitability from it encourage lending to increase?
Or have I got this wrong, and the real plan is to persuade all those of us with savings to decide it's simply not worth having them any more and blow the whole lot on the high street?
In other news, I think *fingers crossed* that I might be over the worst of the lurg now. I still feel crappy; just nowhere near as crappy as I have done since Sunday. I've made it into work every day this week, but today was the first day when I actually knew as soon as I woke up that I was going to manage it.
Thank you to everyone who posted get well comments to my last entry!
Or have I got this wrong, and the real plan is to persuade all those of us with savings to decide it's simply not worth having them any more and blow the whole lot on the high street?
In other news, I think *fingers crossed* that I might be over the worst of the lurg now. I still feel crappy; just nowhere near as crappy as I have done since Sunday. I've made it into work every day this week, but today was the first day when I actually knew as soon as I woke up that I was going to manage it.
Thank you to everyone who posted get well comments to my last entry!
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no subject
Date: 2009-01-09 08:59 pm (UTC)Which would work if the problem was no demand. But as far as I understand it, there's plenty of people and businesses who want to borrow. It's just that nobody will lend them anything.
And a drop in prices reduces supply even further.
I can't see interest rates going negative. If they did, surely whatever's left of the financial industry would just disappear?