House Edgy
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SCD they/them  1yr ago 96 thread views #107724

Oi Mate! Ya got a loicence fer dat financial collapse?

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I'm confused, wasn't the GBP around 0.75 cents a year ago? Now it's around 0.90 cents?

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Pumping the UK economy with negative real-terms interest rates and QE was an emergency measure that has been turned into the norm. Now the BoE can't even raise interest rates to defend the value of the pound without crashing the whole economy.

Still, I don't know who to laugh at more. The over-leveraged borrowers who are going to have to come to terms with the fact they were actually /h/peakpoors this whole time, or the savers who are celebrating a rise in interest rates without realizing they're getting bled faster than ever before because saving at 1.5% with 3% inflation was actually a lot better than saving at 3% with 10% inflation.

I'm fairly certain the poors are going to scream and cry the most, though.

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:#marseynyanlgbt:

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