I received an 3.6% offer from HSBC for new money. So the money which is already there is of no use - too old maybe. As I never read before the term "new money" I thought "the Anglosaxons again..." - but in Germany my bank does the same (translated): "This 6 months offer is only valid for NEW MONEY". There are these many new terms: New money, turbo cancer, sudden death syndrom and we swallow them as if normal. Merry Christmas!
I received an 3.6% offer from HSBC for new money. So the money which is already there is of no use - too old maybe. As I never read before the term "new money" I thought "the Anglosaxons again..." - but in Germany my bank does the same (translated): "This 6 months offer is only valid for NEW MONEY". There are these many new terms: New money, turbo cancer, sudden death syndrom and we swallow them as if normal. Merry Christmas!
Holy moly.
No wonder Powell pivoted 180 degrees.
Looks like something big has broken.