Friday, 14 December 2012

New Bank of England boss Mark Carney hints he will tear up rule book to get the economy moving | Mail Online

What do low interest rates have to do with business growth and development? Use of money supply to spur growth is silly!

Fact is business decides whether to grow based on expected real demand or effective consumer demand.

Low interest rates can be used to reduce debt, but will inflation get built into rates?

Fact is low interest rates are being used to reduce exchange rate with the hope that China will appreciate, but reality is high interest rates are not being looked at as an option because of fears the economy is really really sick and no one has a sound solution!

http://www.dailymail.co.uk/news/article-2246924/New-Bank-England-boss-Mark-Carney-hints-tear-rule-book-economy-moving.html
at

YOU HAVE REACHED WOOH'S STREAM
The Internet User's Best Kept Secret

Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth. ... more!