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So, Anyone remember the Financial Crisis?

  • 12-03-2015 1:15pm
    #1
    Geniass
    Closed Accounts Posts: 643 ✭✭✭


    Okay, heading is a bit glib, but bear with me...

    'The National Treasury Management Agency has sold €1 billion of a 30 year bond at a yield of 1.307% today.'

    This is pretty close to free money. While the total amount of our National debt has risen very considerably since the start of the crisis, the cost of servicing debt has plummeted (I know we're still locked into rates for older debt).

    Taking account of the amounts we're due to receive back from the bank sales and the significant reduction in interest rates - Is the financial burden of the financial crisis a LOT less than originally feared?

    Personally I'd borrow as much as possible at similarly low interest rates and take advantage of clearly unbalanced financial markets.


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