We Should Be Happier To Have A Job Than To Have Savings

[willrocks]

It doesn't get any clearer than this.

Lagarde:

“We should be happier to have a job than to have our savings protected,” said Ms Lagarde. “I think that it is in this spirit that monetary policy has been decided by my predecessors and I think they made quite a beneficial choice.”

Last month the ECB reacted to slowing growth and inflation by cutting its key deposit rate to minus 0.5 per cent and announcing open-ended plans to start buying €20bn of bonds from next month.

https://www.ft.com/content/eb8dae8c-fb14-11e9-a354-36acbbb0d9b6

 

[JulieW]

By the pricking of my thumbs,
Something wicked this way comes.”

― William Shakespeare

 

[madaw1]

“We should be happier to have a job than to have our savings protected,” said Ms Lagarde. “I think that it is in this spirit that monetary policy has been decided by my predecessors and I think they made quite a beneficial choice.”

It doesn't get any clearer than this.
If you got this sort of job you don't/ at least you don't have to / pay a lot attention to protecting your savings.....



https://www.ft.com/content/eb8dae8c-fb14-11e9-a354-36acbbb0d9b6

 

[SilverDJ]

 

[leo25]

makes sense to me, i mean a slave shouldn't have savings in the first place.

 

[Ag bullet]

This^^. If your savings are stolen then you need to keep working. Rinse and repeat.

 

[Oddjob]

Bet that EU policy and comment from Legarde is going down a treat with retirees.

 

[Ag bullet]

If I was the UK I would want to get out of the EU.

 

[Lovey80]

A lot of us like minded people that are adverse to these high spending Keynesian doves wouldn’t be so critical if more of the worlds governments acted like Germany and the Netherlands. Their debts are manageable and they rightly run surpluses when the economy is in a growth phase. Even if that growth is modest. So many governments spend hard in growth phases then go nuclear on it when things turn south. Kicking the can down the road only leaves less powder dry for when SHTF.

 

[JohnnyBravo300]

We are already doing emergency QE in the "best and strongest economy in history". That should tell you something!
Keynsian economics always fails and this time isnt any different.
The puppets will keep it going as long as they are told to.

 

[JulieW]

If I was the UK I would want to get out of the EU.

If I was in the UK I would want to get out of the UK

 

[Ag bullet]

Touché

 

[leo25]

We are already doing emergency QE in the "best and strongest economy in history". That should tell you something!
Keynsian economics always fails and this time isnt any different.
The puppets will keep it going as long as they are told to.

To be fair Keynes would be turning in his grave if he knew his name would be used to describe the extreme madness being conducted today by central banks and governments.

 

[JohnnyBravo300]

He might be totally proud of himself, never know.