Trumpo jumps for joy at news of interest rate drop to 1%. At this rate Northern Rock will be paying me to have a mortgage.

What a difference a year makes. In our blog last January, Trumpo bloggers called for 1% – http://www.trumpo.com/blog/uncategorized/when-america-leads-the-world-follows/

Well better late than never, the impact of the rate cuts should now slowly start to trickle through to the economy, and this in turn should hopefully kickstart the money markets. We will however still need to see a drop to 0% interest before things can start to bottom out, as the commentators, decision makers and the city are pricing 0% into any potential plans, we wont be able to implement these plans until we well and truly hit the bottom.

 Trumpo calls for BOLD action from the MPC in March 09 to get to Zero, so we can move forward with at least some certainty.

We all called it right 12/18 months ago, I have faith that we will be right again.

 0000000000000000%   yes please!

You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.