Scrappy
Legendary Knight
From a purely selfish perspective I'd be very happy if that had the knock on effect of raising interest rates on savings to 5%+
I'd happily settle for a guaranteed 5%, rather than continue to deal with the rollercoaster that is the stockmarket.
It's been lurching from one disaster to another for years. Admittedly it always eventually recovers but most of the time the lows outweigh the highs.
I know people that lost in excess of £100,000 due to Russia invading Ukraine. It'll take them years to recoup that loss. However a 5% interest rate would no doubt encourage them to cut their losses in exchange for a lot more peace of mind.
Until the banks go belly up!
The stock market is IMO manipulated by a bunch of self-serving cocks, who could not give a toss about the carnage they can create and who it affects.
Al Murray got it right I think...