Come on RTE give us more misery! Tell me there’s a new plague, war or famine…this shit makes me rock hard.
“be grand” – man about to go into arrears with a starving family
Early next year there’s going to be a whole load of stories of people who can no longer afford their mortgage because the evil central bank raised interest rates 5+ times in a row and those same people giving their sob story won’t be asked, why the hell didn’t you longterm fix your mortgage rate now when you have the chance.
Oh balls………..
This is good news.
I don’t think people really understand that the whole asset inflation of the last 10 years has been down to free money.
What a bunch of silly gooses.
This is brilliant.
Nobody understands why, some people even think it’s bad.
Increasing the key interest rate lowers inflation. If it is prohibitively expensive to borrow money, people don’t borrow money, thus not contributing to inflation. If saving money makes more money than spending money, due to interest, then again, that money is no longer contributing to inflation.
This is overall a brilliant move, whilst it will negatively effect mortgage holders who haven’t fixed their rates. This move benefits everyone in that it lowers or at least stunts inflation.
7 comments
Come on RTE give us more misery! Tell me there’s a new plague, war or famine…this shit makes me rock hard.
“be grand” – man about to go into arrears with a starving family
Early next year there’s going to be a whole load of stories of people who can no longer afford their mortgage because the evil central bank raised interest rates 5+ times in a row and those same people giving their sob story won’t be asked, why the hell didn’t you longterm fix your mortgage rate now when you have the chance.
Oh balls………..
This is good news.
I don’t think people really understand that the whole asset inflation of the last 10 years has been down to free money.
What a bunch of silly gooses.
This is brilliant.
Nobody understands why, some people even think it’s bad.
Increasing the key interest rate lowers inflation. If it is prohibitively expensive to borrow money, people don’t borrow money, thus not contributing to inflation. If saving money makes more money than spending money, due to interest, then again, that money is no longer contributing to inflation.
This is overall a brilliant move, whilst it will negatively effect mortgage holders who haven’t fixed their rates. This move benefits everyone in that it lowers or at least stunts inflation.