Friday, March 6, 2009

Is there any interest in the Bank interest rate?

The Bank of England cut it's interest rate to the lowest in over 300 years? How is this going to stimulate the economy? Savers who supposedly outnumber borrowers 7 to 1 are not going to gain by it and borrowers can't borrow as the lenders wont lend. How can any country expect to start an economic growth on this basis? There needs to be money circulating to allow for purchasing and the flow of money and goods will start the process of recovery.

Perhaps the whole base of this recession was when the banks and other lenders borrowed more money than they received from savers in their quest to make increased profit and gain bonuses for individuals. Simply greed took over and caution and due diligence went by the board. Governments rode on the back of this "prosperity" and are therefore as much to blame as the banks and lenders in as much as they did not apply measures to curd the ease of borrowing but chose to remain popular.

On a different note the weather since we spoke on Wednesday has been very variable with rain, sleet, frost, sunshine and some mist in the mornings. Today it was very frosty on my walk with clear skies so it may be a sunny day today.

Talking of sunny days how are the resolutions going, if you have been persistent and made a change to an existing habit you should be well on the way to changing the habit for a better one. No one claims it will be easy, because it's not, but a steady change day after day will slowly change a habit. It's important not to give up or beat yourself up if you miss your target or have a relapse; it happens accept it and get back on target.

Busy weekend ahead as there is work to be done in the garden and the boss is going to sort out the area for D&M to have a patio, before the year advances to far. On Sunday I think after shopping the bosses are taking D&M over to see a relation in hospital in another town as there are no buses running that go there by an easy route. Boss(he) is doing a long term as well as short term "to do" list and is amazed at what help it is on focusing with greater clarity on what really needs to be achieved. Try it a see the difference, you maybe surprised that you will have more time to bum around at the weekend, instead of just rolling alone and doing very little to reduce all the things you should do.

Well the sun is rising and although cold it looks like it could be sunny to day. That means I may get another walk in this afternoon. Take care and speak to you all on Monday.

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