Saturday, June 11, 2011
Non-Diana headline for a change!
Cheaper Home Loans To Stay
HOME owners were given a tonic last night as experts said rock-bottom interest rates should stay for up to three years. Pressure on the Bank of England to raise rates eased after manufacturing costs last month rose less than expected. Economists expect the boost will soon filter through to consumers, leading to an overall drop in inflation.
Posted by general congreve @ 04:13 PM (1955 views)
6 thoughts on “Non-Diana headline for a change!”
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general congreve says:
Sibley’s been busy in the article comments if you want a laugh!
Anyway, negative real interest rates are here to stay by the look of it. Now, what was it I read about the history of negative real rates, inflation and gold prices?
alan_540 says:
Things can change general, but it looks like you’ve got it your way for the foreseeable.
icarus says:
GC – too bad you didn’t sell your gold in January and stick the lot on rare earth minerals.
general congreve says:
@3 – Tortoise and the Hare dear chap. I don’t deny Rare Earth Minerals have been a good bet, but buying and selling of the ingots isn’t that easy or cheap I imagine, so you have to go with stocks or financial instruments and take on all the counter party risk. Slow and steady wins the race.
[IMG]http://i53.tinypic.com/x3y8tv.gif[/IMG]
icarus says:
tongue-in-cheek @3 – you’d probably need to be a Chinese Party insider anyway to have profited from the rare earth metal boom.
general congreve says:
@5 – Cheeky beggar! 😉