davidhpc
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Posts posted by davidhpc
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It is the only thing that loony can do, rather than admit he was a t1t for years (prob. all his life). When everything goes even more t1ts up than it already has, he can say we just needed more stimulus. If we get more stimulus (again) and we get a bit of respite before nothing improves (again), he will just say we need more. He shouldn't be on TV at all, he should be locked up.
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...they were not UK Government guaranteed ....
We know
I don't want the hassle and waiting for months/years(?) for money from some compensation scheme or other, particularly for a few tenths of a percent better interest.
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I was going to ask this very same question today as I have 3700 from an ISA that I was going to put in a Santander ISA at 3.2%, but remembered that Spain went particularly wild during the boom years.
I had a lucky escape with IceSave when I drew all my money out, a while before it went t1ts up, after reading an article in the Times (NOT by D. Smith). Did people get their money back from IceSave (not just the promises), did people actually get the notes in their hands?
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"Since the end of November, the gap between the interest rate Britain and Germany must pay on 10-year government debt has risen from 0.35 percentage points to 0.9 points."
"And the UK’s yields are also only a fraction lower than those of Portugal, seen as the weakest eurozone economy after Greece."
Looks like the markets aren't going to wait for an official downgrade.....
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But aren't they accurate in the long term? I thought that was the idea of the fan chart in the medium term it would be accurate even if in short term it's about as accurate Mystic Meg.
Then again they could be complete prats and have no real idea what it is they are doing.
The fan charts are somewhat disingenous in that regard, giving an appearance of their previous forecasting being near spot-on.
Take this BofE GDP forecast chart from 07 done by another HPCer, with the actual GDP figures plotted after in red. It shows that if they are in fact taken to task over the medium term, their forecasting is shown to be the true shambles that it is.
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Why should we listen to King and Co when their track record of forecasting is dire in the extreme?
Don't worry about that inflation we didn't anticipate says BofE
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Haha, green space in the middle of Bradford will just become full of drug dealers, alcoholics, muggers and become a place to buy or put in orders with the shoplifters.
I'd like to say the future looked positive, but I can't unfortunately, I think the city will actually descend into some kind of Mad Max post-armageddon type place. Keep an eye on developments with this facebook group Avoid Bradford . If you live there, and plan to stay, then I advise commencing work on converting your car into a bullet-proof war chariot.
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more left-wing reactionary nonsense.
nu-labour troll? public sector salary at risk? big mortgage?
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bailed.
Oh great, so I'm paying for this too.
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you are saying growth only comes from credit expansion.
low rates are a futile attempt to restart a boom by credit expansion.
our economy cannot grow while there is so much malinvestment that hasnt been re allocated to wealth creating activities.
Higher rates will finish off the wasteful activities PDQ. THEN the remaining resources can be used for growth.
Low rates create waste and make people believe they are the genius business people. they are not, they are just the beneficiaries of the credit boom.
adding more credit just makes more waste and will drag us all down later and harder.
Or maybe a hyperinflationery end game is what you want?
quite. if you keep giving cheap money to crap businesses that don't work, they will just keep pi55ing it away, it won't make them work efficiently.
rates never went this low in previous recessions, so what gives?
more lies and propaganda.
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emailed too. fight this.
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My wife went into a NatWest bank about a week ago to change 50$ her mum had sent as a present for our son.
She came out with a bit of paper that showed the exchange rate as 1.80.
I said to her 'that's weird, I thought the dollar rate was about 1.65 - has it suddenly jumped'. I must admit I forgot about it until a couple of days later, when I noticed the rate on the telly - it was, as I thought, mid 1.60s.
Why did NatWest give us 1.80?
You gave Natwest 1.80
or Natwest wanted 1.80USD for every £1 they gave you to make a profit.
ie 50USD/1.8 = 27.77
for 1.65 they would have to give you 30.30
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Thanks for that
I really only come here for house price news, usually manage to avoid being snared by the zealots. I thought I'd try to share the perspective of someone who actually had first hand experience of the issue under debate. Seems it's not welcome. Oh well, lesson learned.
"sadly we had to do just this with a few grave stones. People don't realise that in many graveyards the deal is that the plot should be maintained by the family. Obv after many decades that stops happening and whoever runs the graveyard takes over by default. What usually happens is that any stones that are in danger of falling are carefully laid down, and then the council tries to trace who (if anyone) they need to talk to"
Sorry, my opinion is that this doesn't appear to be what has happened in the photographs, if it were I don't think people would be getting upset.
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'TRADES NAN'
modern bankers equivalent of selling your grandma.
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you are a fool. you can set rates to 5% but no-one will borrow under these conditions and depositors as a result will get 0%.
I think somewhere in your mind you think that the way the world works under normal circumstances is that everyone builds up a pile of cash paying high returns and then suddenly there is is the great pile of cash which creates investment opportunities and growth by its very existence.
It's just too stupid.
idiot.
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You might mean this one, comparing the May 08 GDP projection to actual.
Not the Bank's finest hour.
cheers, it could be that GDP one, I thought I'd seen a CPI one too, but could be mistaken, if I did it was something shockingly similar.
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If you think 5% rates will create growth you are clearly lacking understanding of anything economic.
yeah, lets just copy Japan, a decade of near zero rates and stimulus after stimulus, resulting in nothing but a gargantuan public sector debt.
What was that definition of madness? something about doing the same thing over and over again and expecting a different result.
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Is there a chart showing their prior reports central forecast versus actual outcome?
Yes someone on here did one in an old thread. It's a pi55er, honestly, absolutely hilarious.
I'll try find it.
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You and your friends seem to be very unlucky, or maybe its hitting people worse "up north"?
I'm in London - I don't know anyone closely who's got made redundant or been forced to take a massively less well-paid job like this.
The only mates I know without jobs are the "usual suspects" - a couple of actors and showbizzy wannabees who are always in and out of bits of work.
I speak to people in London and they say the same ie. that everybody who wants to work can find a job.
I'm spending time in Yorkshire and it's a different story. Lots of people wanting work can not find anything, not even minimum wage.
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He is unpopular on here because he really wanted interest rates slashed to soften the blow of the economy crashing,
Blanchflower has always wanted interest rates slashed, even when the economy and house prices were juggernauting along at breakneck pace. The man is insane.
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Yeah, the government has been in power so long that it has all its yes men in all the stats producing departments and government propaganda broadcasting (BBC) and media . Figures keep being churned out saying everything is normal, and growth is being resumed, just like the 2% inflation figures and unemployment ******** we've been fed for years. It was the same when Thatcher had been in a while, the old 'everything is fine' message when you'd just seen your mate's dad wandering around looking for scrap metal. to55ers.
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American MPC member's view on house prices
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King does whatever gordenron wants. he got a multi-million pound pension pot for it.
Us Faces Same Problems As Greece, Says Bank Of England
in House prices and the economy
Posted
Hahaha, King changes tune as new government takes charge, to try and cling to job and multi-million pound pension pot... why am I not surprised? slimeball.