Karl Deeter Talking Finance: Throwing the baby out with the bathwater
Margins made on interest rates here are about the only thing the banks have going for them. So why would AIB throw that away?
Often, we form opinions based upon inherent biases. For instance, is a rate cut by the ECB good or bad? Generally, it’s a welcome move, and we look at the benefits those with debt have and rattle off the savings the lucky ones with tracker mortgages will make. We rarely rue the fact that savers are hurt by the exact same move.
That’s a mistake. An 80-year-old in good health with the prospect...
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