68 sats \ 2 replies \ @Undisciplined 16 Jul \ on: Eurozone: Banks Still Do Not Ease Credit Standards econ
If I'm understanding this correctly (which is doubtful), it sounds like Europe's headed for the kind situation America was in during the last financial crisis. The Fed cut rates as much as possible, but banks still didn't want to lend.
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55 sats \ 1 reply \ @TomK OP 16 Jul
the regulatory policy in conjunction with the attempt to create a climate-panic economy is systematically driving companies away from the location. perhaps there is simply no longer any interest in setting up new companies or investing in their own growth
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58 sats \ 0 replies \ @Undisciplined 16 Jul
Good point. If you're expecting businesses to take losses, why would you lend to them at any rate?
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