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…I’m not sure whether I should be pleased or scared by today’s 1.5% cut in UK interest rates. After all, the Monetary Policy Committee don’t normally go around lopping 1.5% off interest rates. Things were pretty boring there on the economic front for a decade or so, it is surprising just how fast things can turn around.
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You should borrow lots of money and buy stocks!* It can’t fail!
* – this should in no way be considered sound financial advice.
It is certainly a once in a generation opportunity to buy various assets cheap. Problem is calling the bottom.