The elites think we are stupid. They are in the main quite correct.
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Rate hike would be devastating: ECB's Schnabel
Raising euro zone interest rates in the current environment would have a devastating impact, European Central Bank board member Isabel Schnabel said on Sunday, adding that temporary spikes in inflation should not be confused with a trend. Schnabel was responding to a question in a German public radio interview about how long savers would have to wait for an end to the bank’s zero rates policy. “I can’t say when a rate increase will come, but what I can say is that a hike in the current environment would have a devastating impact and nobody should want that,” she said. Schnabel said one-off effects including ... (full story)
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Confucius: the man who broke the mountain was the same man who started ...