20210113 Bank of England speaks.

Seemingly you have way to much money and your not spending it enough. So interest rates need to go negative to make sure you spend your money so you have to borrow more… but we will charge you interest in the “retail market”of course.

Is that it?

Bank of England ‘acting to spread shock of crisis’

Andrew Bailey
Andrew Bailey indicated that a further UK recession was likely this winter

Bank of England ‘acting to spread shock of crisis’ – BBC News

Here is another angle on markets today.

The thing to remember about trading is like it’s going to the bookies. The bookies win. Most day traders go bust for example, so the glib adverts are typically from guys who need your money. That’s it. It’s a good idea to learn about what goes on though, that’s for sure.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.