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Bank Of Ireland Share Chat (BKIR)



Share Price: 0.325Bid: 0.323Ask: 0.324Change: 0.005 (+1.56%)Riser - Bank Ireland
Spread: 0.001Spread as %: 0.31%Open: 0.32High: 0.325Low: 0.318Yesterday’s Close: 0.32


Share Discussion for Bank Ireland (BKIR)


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johnmcclean
Posts: 575
Observation
Opinion:No Opinion
Price:0.31
View Thread (23)
RE: announcing tax break end ,again
27 Sep '14
"If you give cash into any part of the system they will hoard until rates rise(unless they are Daft)."

If people don't spend money where do they earn the money they are savings from? Money needs to circulate for employees to stay employed and earn.

If people are hoarding in anticipation of rates rising what will they do when that happens? Save? So how does that produce growth in an economy?
 
allmoyne
Posts: 353
Off Topic
Opinion:No Opinion
Price:0.31
View Thread (23)
RE: announcing tax break end ,again
27 Sep '14
You should get a job on TV ,you tow the company line so well.

If you can't see ,that low rates IS the problem.
What is low rates fixing!
Its not creating inflation, it cant, it only creates deflation!
If you give cash into any part of the system they will hoard until rates rise(unless they are Daft)

Until you can see this you are brainwashed my friend!
allmoyne
Posts: 353
Off Topic
Opinion:Strong Buy
Price:0.31
john
27 Sep '14
nobody wants deflation and low rates, all money stays on the side line when rates are low.

believing you can get a turn around without increasing rates is the flaw. The key to recovery is the raising of rates,.

its a confidence thing too, if our central banks dont hint inflation , nothing rises.
johnmcclean
Posts: 575
Observation
Opinion:No Opinion
Price:0.31
View Thread (23)
RE: announcing tax break end ,again
27 Sep '14
"We wont see recover until rate policy changes upwardly. "

Wrong way around allmoyne. We won't see a rate policy change upwards untill we see a recovery.
allmoyne
Posts: 353
Off Topic
Opinion:No Opinion
Price:0.31
View Thread (23)
RE: announcing tax break end ,again
27 Sep '14
It is low rates causing deflation!!!!!

Low rates stop lending.

Higher the rate and start the speculation now.
allmoyne
Posts: 353
Off Topic
Opinion:Strong Buy
Price:0.31
View Thread (23)
RE: announcing tax break end ,again
27 Sep '14
Point is .

We wont see recover until rate policy changes upwardly. QE in deflation mode exits the system/ QE with rate hikes stays PUT........... simple (can't work any other way)...

All money will return to Europe on the talk of a rate policy change.
2CV_Driver
Posts: 1,144
Off Topic
Opinion:No Opinion
Price:0.31
barcelona
27 Sep '14
Looking at properties here this weekend... A nicely located 8+ bedroom commercial property with a swimming pool would just be perfect as a retirement income. Going to look along the coast around Sitges.
johnmcclean
Posts: 575
Observation
Opinion:No Opinion
Price:0.31
View Thread (23)
RE: announcing tax break end ,again
27 Sep '14
"02Last thing.Banks with trillions stuck in savings accounts , is exactly what we need. Do you honestly believe your deposit is sitting in their safe????(hint=maybe they loan it out??)"

Its great that banks have reserves but as has been well documented they are not lending. Not only that but no one is borrowing. No one is borrowing because no one is spending. No one is spending because everyone is saving( or paying down debt) Everyone is saving because prices are dropping. Deflation.
johnmcclean
Posts: 575
Observation
Opinion:No Opinion
Price:0.31
View Thread (23)
RE: announcing tax break end ,again
27 Sep '14
It was late when you wrote this post so read it again this morning allmoyne. Its the perfect definition of deflation.
As prices drop people don't spend. They hoard, in anticipation of prices falling further. The net result is a self fulfilling prophecy of downward prices. Businesses struggle and close. Staff are laid off. Even less money in the economy and the downward spiarl continues.

What central banks all over the world are doing is attempting to replace the hoarded money with new money. They print it and flow it into the economy in an effort to stabilise prices. When the hoarders see the price of goods getting that little bit more expensive they open the purse strings and spend. You then have a productive economy again and qe is withdrawn (slowly).
johnmcclean
Posts: 575
Observation
Opinion:No Opinion
Price:0.31
View Thread (2)
RE: Investments
27 Sep '14
You should be collecting the interest on your investment this morning Radar. Reinvest? Hair of the dog (not hotdogs) might offer a nice pay back.



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