Actually IB, the Brits never joined the Euro, instead keeping their pound sterling and their monetary sovereignty. This means they have always been free to "Quantitatively Ease" to their hearts' content...
Originally Posted by lustylad
Yes, exactly! And almost two decades ago, there was a lot of caterwauling by much of Europe's "policy elite" when those ornery Brits decided to eschew adoption of the euro. But now, few serious observers doubt that they made the correct decision.
Likewise, today, a lot of heads are exploding across Europe. And a lot of markets have been temporarily roiled. EU policy elite types in Brussels and other euromeddlers should learn a lesson or two from all this, but almost certainly won't.
But it's a helluva good time to go to rate-lock if you can manage to get commercial real estate investments or other assets refinanced with fixed-rate loans tied to the U.S. 10-year T-note rate!
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