RE: Re grow up17 Apr 2019 16:54
Speaking of rates not rising, they SHOULD HAVE. Europe is an a absolute basketcase and sh-tshow. These idiots (chiefly Draghi) kept interest rates at 0 to negative for almost a decade. All while other developed countries started to normalize interest rates, chiefly America with 7 or 8 quarter point hikes since 2015. You have to ask yourself a serious question. What the hell is the EU and the ECB going to do when the next recession really occurs? They have nothing to cut! And European banks like BOI are suffering beyond any normal standards for what seems like it might be permanently with interest rates that stifle any growth and recovery they could have. It is all going to collapse for Europe in the next decade. Brexit, the upcoming EU parliamentary elections, increasing number of Euro skeptic countries, woefully bad monetary policy. It is a basket of deplorables. Notre Dame burning down is apt as a metaphor in this time as a representation of Europe. This stock and BOI will only recover when EU monetary policy normalizes. And that doesnt seem to be coming anytime soon. Sorry to be a negative nancy, but things have to be said.