Friday, Jun 04, 2010
Judge a man by what he does and NOT by what he says....
Telegraph: Bank of England: 'Inflation not the way out of debt'
'Charles Bean raised the spectre of hyperinflation, saying it is "severely misguided" to hope that a rise in prices would help Britain out of its current predicament.'
Posted by hpwatcher @ 12:49 PM (2268 views) Add Comment
7 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. mark said...
all the pointers are preparing us for interest rate hikes, I think it will rise sooner than we think..
2. 51ck-6-51x said...
Managing expectations is a big part of the job.
3. mrmickey said...
So we should default on our debts instead then.
4. markj69 str05 said...
IR has been unprecedentedly low over recent years. The decision to increase will be no great shock to th sheeple. The effects of the increase however, may be a greater shock. But i suppose if IR were to increase a couple of percent over the next 6mths, it would still be in the 'unprecedentedly low' region.
Personally, I'm all for an increase. Let thoase that benefitted through the 'good years' with HPI and now low IR pay a little (Or a lot) back into the system.
5. cyril said...
I don't know what effect raising base rates would have because I thought they had become somewhat disconnected with the rates on offer from high street lenders anyway. Any thoughts?
6. fallingbuzzard said...
Disconnected on the way down but completely connected on the way up.
7. Yage3000 said...
You must remember there's masses of individuals with interest only mortgages who are squatting in houses they can't afford, and can only continue squatting if rates stay at near nothing. Sooner or later they'll lose their houses - and rightfully so, because they shouldn't have bought them in the first place.
Raise the rates and reward the decent people in society - those who save and live within their means.