Subscribe with RSS ReaderThe ECB (European Central Bank) has provided a bailout for the failing economies in Europe to be able to maintain business. A timely Christmas present one may say. The debtors can continue to make payments, borrow more and keep the flow of goods going. Keep the cash flow going. The creditor economies can rely on payments to continue to come inl. They can lend and keep goods flowing. Cash flow. There are also provisions for future bailout funds as the reality is... the only way to keep business and cashflow between the suppliers and the users is to compromise.
This is also welcome news on this side of the ocean. This should keep lenders a little more focussed on lending more with the confidence to compete with the main tool at hand. Low interest rates. How much they will move in the next few months is unsure. I wouldn't expect too much in any direction.
In Northern BC it is a good time to invest in real...
