nickb1 Posted August 10, 2023 Share Posted August 10, 2023 On 05/08/2023 at 04:28, Orb said: It's even more exasperating if you look at British rates from 1700 to the present day. Great graph. I assume there was some legal fix until the early 1800s? Quote Link to comment Share on other sites More sharing options...
fellow Posted August 22, 2023 Share Posted August 22, 2023 (edited) https://www.bankofengland.co.uk/speech/2023/july/dave-ramsden-speech-on-quantitative-tightening-chaired-by-money-macro-and-finance-society Edited August 22, 2023 by fellow Quote Link to comment Share on other sites More sharing options...
Timm Posted August 23, 2023 Share Posted August 23, 2023 22 hours ago, fellow said: https://www.bankofengland.co.uk/speech/2023/july/dave-ramsden-speech-on-quantitative-tightening-chaired-by-money-macro-and-finance-society Good chart. Some things from the report: 1. They have sold about 100Bn of bonds 11% of the holding so far. 2. They intend to sell a similar amount next year. 3. QE remains firmly in the BOE's tool-belt for potential use in the future. Quote Link to comment Share on other sites More sharing options...
Mandalorian Posted August 23, 2023 Share Posted August 23, 2023 3 hours ago, Timm said: 3. QE remains firmly in the BOE's tool-belt for potential use in the future. Is that right? 🤣 Quote Link to comment Share on other sites More sharing options...
Timm Posted August 23, 2023 Share Posted August 23, 2023 9 minutes ago, Mandalorian said: Is that right? 🤣 Yup. I’ll post a link when I am back on a lap top Quote Link to comment Share on other sites More sharing options...
Mandalorian Posted August 23, 2023 Share Posted August 23, 2023 3 hours ago, Timm said: Yup. I’ll post a link when I am back on a lap top No - I mean THEY might think they can QE at will. Mr Market thinks otherwise. Quote Link to comment Share on other sites More sharing options...
Timm Posted August 24, 2023 Share Posted August 24, 2023 14 hours ago, Mandalorian said: No - I mean THEY might think they can QE at will. Mr Market thinks otherwise. Fair enough, but I post the link anyway: https://www.bankofengland.co.uk/speech/2023/july/dave-ramsden-speech-on-quantitative-tightening-chaired-by-money-macro-and-finance-society Quote Although QT is designed to operate in the background, it has the important benefit of reducing the risk of a ratchet upwards in the size of the central bank balance sheet over time, if successive policy cycles meet the effective lower bound on interest rates.footnote[9] That in turn should increase the headroom and flexibility for the central bank to be able to use its balance sheet in the future in pursuit of its monetary and financial stability remit, should that be needed. Quote Link to comment Share on other sites More sharing options...
Timm Posted September 14, 2023 Share Posted September 14, 2023 Quote Link to comment Share on other sites More sharing options...
Timm Posted September 14, 2023 Share Posted September 14, 2023 (edited) Edited September 14, 2023 by Timm Quote Link to comment Share on other sites More sharing options...
DarkHorseWaits-NoMore Posted September 14, 2023 Share Posted September 14, 2023 Quote Link to comment Share on other sites More sharing options...
Barry78 Posted September 14, 2023 Share Posted September 14, 2023 If we accept the BOE and Govt stopped house prices from fully dropping in 2008/2009 and there is no ammunition to use or family silver to sell, just how low can this go? Quote Link to comment Share on other sites More sharing options...
dugsbody Posted September 14, 2023 Share Posted September 14, 2023 1 hour ago, Barry78 said: If we accept the BOE and Govt stopped house prices from fully dropping in 2008/2009 and there is no ammunition to use or family silver to sell, just how low can this go? Between 5-15% nominal. Real terms, already exceeding that? Quote Link to comment Share on other sites More sharing options...
Orb Posted September 15, 2023 Share Posted September 15, 2023 6 hours ago, dugsbody said: Between 5-15% nominal. Real terms, already exceeding that? Kind've already there, and the drops have only just begun! I reckon 30-40% nominal. Quote Link to comment Share on other sites More sharing options...
Timm Posted September 15, 2023 Share Posted September 15, 2023 12 hours ago, Barry78 said: If we accept the BOE and Govt stopped house prices from fully dropping in 2008/2009 and there is no ammunition to use or family silver to sell, just how low can this go? I think -20% nominal. Apparently the "clever" London money is already looking to offer at this level. Not sure about the real fall - maybe an extra 15%? Quote Link to comment Share on other sites More sharing options...
Orb Posted September 26, 2023 Share Posted September 26, 2023 Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted October 13, 2023 Share Posted October 13, 2023 https://watchcharts.com/watches/brand_index/rolex Quote Link to comment Share on other sites More sharing options...
DarkHorseWaits-NoMore Posted October 14, 2023 Share Posted October 14, 2023 I still like this one, its getting better with time: Will get pretty interesting at 2001 Q1 inflation adjusted prices, especially if UK inflation gets back to around 2% swiftly. Quote Link to comment Share on other sites More sharing options...
Up the spout Posted October 19, 2023 Share Posted October 19, 2023 Aww, diddums Quote Link to comment Share on other sites More sharing options...
Drat Posted October 22, 2023 Share Posted October 22, 2023 On 14/10/2023 at 18:10, DarkHorseWaits-NoMore said: I still like this one, its getting better with time: Will get pretty interesting at 2001 Q1 inflation adjusted prices, especially if UK inflation gets back to around 2% swiftly. But doesn't this graph say that house prices are already low at the moment, as they are below the long term trend? Doesn't seem right to me, what am I missing? Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted October 25, 2023 Share Posted October 25, 2023 On 22/10/2023 at 08:42, Drat said: But doesn't this graph say that house prices are already low at the moment, as they are below the long term trend? Doesn't seem right to me, what am I missing? The monthly repayment cost. Let's say 'they' manufacture another 'crisis' and drop rates to zero, I think property may look ok at 2% rates? Especially with the pay rises since 2020. If rates continue at 5%+, then it will be expensive, even if they're cheaper than the mythical trend line on a chart Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted January 15 Share Posted January 15 Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted Monday at 23:31 Share Posted Monday at 23:31 Quote Link to comment Share on other sites More sharing options...
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