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Everything posted by rantnrave
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THE FED: 0.75% RATE RISE THIS WEEK?
rantnrave replied to Warlord's topic in House prices and the economy
Bringing forward the day of the IMF bailout? -
Economic contraction shocker -> minus 0.3%
rantnrave replied to Mikhail Liebenstein's topic in House prices and the economy
Rewards for doing ONS Covid survey each month dropped from £25 to £20 from the start of May... -
As predicted, the Chase account has been knocked off the top spot: https://savingschampion.co.uk/best-buys/personal/easy-access-accounts (for anyone new to this thread, this is a discussion about the direction of rates rather than the paltry levels relative to inflation)
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Boris giving a housing speech on Thursday
rantnrave replied to henry the king's topic in House prices and the economy
To which will see asking prices increase by £55k practically overnight -
Correct. I recall a relative fuming a few years back when their MP changed party. "But we voted Tory at the election..." they bleated. No - you voted for an individual who had membership of one political party at that time and who had since changed their allegiance. They are still the MP for that constituency.
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What happens to house prices if the BoE is right?
rantnrave replied to henry the king's topic in House prices and the economy
What's the data set out today that's gloomy? I think CPI would need to break through the 10% barrier and stay there for a full quarter before we'll get a 2% BoE rate... If that doesn't pan out, I think property prices could remain flat in nominal terms as a stand off between sellers and buyers sets in. Any crash would then be in real terms, with salaries playing catch up. -
Plotting gilt yields against mortgage rates from 1995
rantnrave replied to bluegnu's topic in House prices and the economy
There have been so many props it's hard to remember them all... -
Plotting gilt yields against mortgage rates from 1995
rantnrave replied to bluegnu's topic in House prices and the economy
#OCD Moment I think you mean Funding for Lending? Term Funding came in after the Brexit vote I believe... -
The Bank of England has lost credibility
rantnrave replied to Gurgle's topic in House prices and the economy
Apparently their printer was out of paper... -
UK inflation jumped to 9% highest for 40 years
rantnrave replied to rollover's topic in House prices and the economy
I came across Laim Fox's article - in print so no link, sorry - calling for investigations into the BoE over not seeing the current inflation on the horizon. It's a better read than I thought - he draws a clear comparison with central banks which have not recently engaged in QE (Switzerland, China and Japan) and are reporting current inflation at around 2%. -
UK inflation jumped to 9% highest for 40 years
rantnrave replied to rollover's topic in House prices and the economy
So those who aren't getting bonuses from their employment in the finance sector are experiencing a real wage cut of around 5%... Ouch. -
UK economy shrank in March amid rising prices
rantnrave replied to rollover's topic in House prices and the economy
Because house prices aren't included in inflation figures -
Coventry upping rates on my Easy Access saver to 1.4% in a few weeks. The prediction here that the Chase account 1.5% offering would come under pressure soon appears to be coming true.