DISY Vice President Averoff Nephytou yesterday accused the government of using "spin" to present a positive image of its actions, and repeated his view that it should "at long last" take advantage of the cheap money
available from the European Central Bank (ECB), saying: "We are committing a crime against the economy by stubbornly refusing to draw on cheap money
that would enable small and medium-sized companies, as well as households, to borrow at 3.
Like most western politicians, he has become infected with the cheap money
mania, and in this respect we fear his abilities will prove unfortunate rather than otherwise for the country.
I recently saw that when the Fed began lowering the Fed funds rate to I percent, everyone began rushing in after the cheap money
through refinancing their homes to the tune of $1 trillion.
When fears were expressed this week that Britain could see yet another surge in house prices, the easy explanation was to blame the availability of too much cheap money
It's kind of a skill to find coot clothes for cheap money
," says Bettridge.
According to Glass's Information Services, publisher of the motor industry's used car values "bible", the drop in prices of cars aged 7-14 years old is being driven by the fact that younger vehicles have become more affordable thanks to the ready availability of cheap money
fuelled by low interest rates.
As the 19th century wore on, parties such as the Greenbacks and Populists made strong showings by standing up for constituents and beliefs that the Republicans and Democrats ignored--especially farmers and their demand for cheap money
for customers is like heroin; once they're hooked, it takes a long, painful withdrawal before they're over it.
Manikandan, secretary of the tribal council, said pressuring famished tribals to barter their kidneys for cheap money
"is the ugliest form of exploitation.
Now we have a lot of capital running away from the stock market, we have cheap money
, and a $1 billion ad campaign that brought in people from outside New York.
But elsewhere, a more general attitude has been: Why not sell that extra option, get cheap money
for a few years, and worry about the resetting exposure later on?
company, Creative Investment Research, tracks black financial institutions, says cheap money
propels the surge.