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threetimesdead

King May Raise Rates Before Bernanke

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King will be in the vanguard of a global push to raise interest rates next year as he grapples with the highest inflation expectations in the Group of Seven (G-7) industrialised states, say economists at Goldman Sachs Group and Deutsche Bank.

Higher rates may bolster the pound, which has slumped about 17% against the dollar in the past year, and keep a lid on inflation as Britain’s economy rebounds from its deepest contraction in half a century. Those gains may come at the expense of exporters, such as building materials supplier SIG, which have reported increased sales on the lower currency.

The UK economy is not going to be rebounding next year.

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I wish they would raise rates now.

No, first the STR funds have to be expropriated by means of ploughing them back into bricks and mortar and thereby helping the banks rebuild their balance sheets

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The UK economy is not going to be rebounding next year.

Exactly. Raise rates around unemployment peak->the unemployment keeps raising->it won't be a peak then!

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the Feds are in "rescue the children" mode.

money is all they know. Their first charge is to protect the financial system.

the people in the real world, credit creators and traders have put up interest rates weeks ago, both here and in the US.

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LOL, couldn't see the result of QE being raising rates, not predictable in the slightest.

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No, first the STR funds have to be expropriated by means of ploughing them back into bricks and mortar and thereby helping the banks rebuild their balance sheets

Certainly what many STRs have done already, believing the bottom to have been reached and worried that cash in the bank is earning feck-all interest...

They should, of course, be content to simply preserve their capital rather than watch it erode over the next 18 months 'invested' in property.

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I hope you are right.

Certainly what many STRs have done already, believing the bottom to have been reached and worried that cash in the bank is earning feck-all interest...

They should, of course, be content to simply preserve their capital rather than watch it erode over the next 18 months 'invested' in property.

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