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About davidcameron
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This is a REVERSE auction. Its hardly a failure if you cannot BUY (not SELL) what you are targeting by QE. As the 2062 IL auction showed last week, the DMO has no problem selling as much UK debt as they want (or need) to. All it shows is that they are going to have to move down the credit curve a bit.
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Mpc Decision Is...no rate increase
davidcameron replied to Lepista's topic in House prices and the economy
...and smallpox, rickets and 2 years of retirement before dying. Welcome to the world of HPC desire. -
Newsnight - On The Verge Of A Perfect Storm
davidcameron replied to The Masked Tulip's topic in House prices and the economy
Jesus!! Someone must be reading this thread this morning because the markets are plunging!!!! I need to go and withdraw my £43.67 from Barclays immediately!!!! I'm so scared, I'm running round like a headless chicken and can barely read an internet forum any more!!!! -
Has Anyone Lived Through A Depression ?
davidcameron replied to Fishman's topic in About housepricecrash.co.uk
Perhaps the mob would lynch you for being drunk, big or a man? -
If you're that worried about the banking system then buy a house.
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N&si Inflation Bonds - Rollover Rate Drop
davidcameron replied to msi's topic in Cash ISA's and Savings Accounts
Short IL gilt yields are currently negative. -
Question Time - Nicola Horlick Being Pretty Apocalyptic
davidcameron replied to RichM's topic in House prices and the economy
Sounds like time to buy then. When the lazy journos and Joe Public cotton on to something, it's already on the way in the other direction. Funny that the FTSE is 500 points off the low. -
Colleague was in the process of buying (he STR) in SW London. Agreed a purchase of a rental property for £645k. Sellers pulled out on day of exchange saying "we don't know what to do with the cash". House now being rented for £3kpm (queue of renters apparently). Colleague even upped offer to £675k but they still refused. He's still looking and is a distressed buyer. Renting is expensive when you can borrow at 3.39% fixed for 5y. Landlords of high quality properties are not selling.
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How Cheap Are Mortgages Now!
davidcameron replied to Pauly_Boy's topic in House prices and the economy
Yorkshire BS 5year fix is 3.39% and has been for some weeks. 10y fix is 4.19%. This is not news and is what is supporting the London market in particular (where the deposit is generally less of an issue). Too many on here think prices will fall when rates go up. Rates are not going up. Period. (And if you think they are, then take the 10 year fix and then they don't). -
Ns&i Savings Certificates Pulled
davidcameron replied to davidcameron's topic in House prices and the economy
er.... it has -
Ns&i Savings Certificates Pulled
davidcameron replied to davidcameron's topic in House prices and the economy
It is (was) a freebie. A tax free guaranteed real* rate of return. (*real as in indexed by the Retail Price Index as published) -
Ns&i Savings Certificates Pulled
davidcameron replied to davidcameron's topic in House prices and the economy
..and that rather then paying a real return of 0.5%, short dated IL gilt yields are currently negative. -
Dear Mr Cameron As you’ve registered to receive updates from NS&I, I’m writing to let you know that all current Issues of NS&I Savings Certificates were withdrawn from general sale at close of business on 6 September 2011. The latest Issues of Savings Certificates had been on sale for almost four months (since 12 May 2011) and have been very popular. When we launched the Issues we expected the amount invested to be substantial, and our expectations have now been met. We’re sorry if you haven’t been able to invest on this occasion, but we will contact you again as soon as the next Issues go on general sale. You can see the current rates for all NS&I accounts and investments on our interest rates page. Yours sincerely Garry Bond Head of Customer Management