Perplexed Posted July 12, 2005 Share Posted July 12, 2005 The pound up 4 cents in 48 hours, I've just got a bonus, a guaranteed rate cut next month to inject new life in the housing market and STILL I mean god forbid STILL no flippin house price crash - deep breath DM's deep breaths I guess you lot are in so deep you can't afford to believe you're still wrong ! Jog on Quote Link to comment Share on other sites More sharing options...
mbga9pgf Posted July 12, 2005 Share Posted July 12, 2005 a guaranteed rate cut next month Is your other name mervyn King? No? well seen figures on inflation recently? Not good for those hoping for a cut, indeed, my money woyuld be on a raise, after all the frigging they have done with the figures and they still cant keep inflation in the middle of their targets. Shame is, no matter how hard you try and cover up the indicators, the deep down problems will persist. Like Stagflation. Ooh, hope you havent geared on your property too much, otherwise mortgage is likely to go bye-bye.... Quote Link to comment Share on other sites More sharing options...
Pudniw Posted July 13, 2005 Share Posted July 13, 2005 Eeeee, isn't Perplexed a bad 'un? Eeeeee. Could be that the market is pricing rates to stay on hold. Wait for the BoE minutes and more data before making a decision. Quote Link to comment Share on other sites More sharing options...
Guest Enzo Posted July 13, 2005 Share Posted July 13, 2005 The pound up 4 cents in 48 hours, <{POST_SNAPBACK}> More to do with the US dollar tanking mate. Have a look at the dollar index chart. Quote Link to comment Share on other sites More sharing options...
Charlie Don't Surf Posted July 13, 2005 Share Posted July 13, 2005 If you don't see the storm clouds then you must be blind! So tell us, what is the good news on the economy?! Quote Link to comment Share on other sites More sharing options...
dog Posted July 13, 2005 Share Posted July 13, 2005 The pound up 4 cents in 48 hours, I've just got a bonus, a guaranteed rate cut next month to inject new life in the housing market and STILL I mean god forbid STILL no flippin house price crash - deep breath DM's deep breathsI guess you lot are in so deep you can't afford to believe you're still wrong ! Jog on <{POST_SNAPBACK}> Perplexed is an apt name for you. Ostriche head would be another good one. Quote Link to comment Share on other sites More sharing options...
Nomadd Posted July 13, 2005 Share Posted July 13, 2005 The pound up 4 cents in 48 hours, I've just got a bonus, a guaranteed rate cut next month to inject new life in the housing market and STILL I mean god forbid STILL no flippin house price crash - deep breath DM's deep breathsI guess you lot are in so deep you can't afford to believe you're still wrong ! Jog on <{POST_SNAPBACK}> What sort of food do Trolls like? Nomadd Quote Link to comment Share on other sites More sharing options...
CrashIsUnderWay Posted July 13, 2005 Share Posted July 13, 2005 we've seen the dollar tank tuesday for several reasons including (but not limited to). a] profit taking. b] Dr Bubbs rumour re the Chineses credit line problen is now circulating widely - if the chinese start to experience real problems they may fall back on thier VAST store of greenbacks. c] the markets are now pricing in a UK interest rate RISE hence the £ strengthening. the profit taking is likely to reverse soon and the new short term trend of dollar up is likely to resume. Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted July 13, 2005 Share Posted July 13, 2005 (edited) there will be no rate cuts whatsoever this YEAR. if your maxed out and sweating on the IR - tough. you deserve whats coming. Edited July 13, 2005 by right_freds_dead Quote Link to comment Share on other sites More sharing options...
Warwickshire Lad Posted July 13, 2005 Share Posted July 13, 2005 c] the markets are now pricing in a UK interest rate RISE<{POST_SNAPBACK}> Really ? Could you expand on that. Quote Link to comment Share on other sites More sharing options...
MarkG Posted July 13, 2005 Share Posted July 13, 2005 So tell us, what is the good news on the economy?! If there was good news on the economy, then interest rates would be going up. We need bad economic news to have any prospect of interest rates going down. No wonder he's 'Perplexed'. Quote Link to comment Share on other sites More sharing options...
CrashIsUnderWay Posted July 13, 2005 Share Posted July 13, 2005 the multi trillion currency markets are driven by speculators, not govts or 'real' companies hedging for production needs. Anyone dont agree, go argue with George Soros. the rate's been adjusting since I gave a heads up some weeks ago as it readied to push thru 0.56. Part of that pressure is speculators 'betting' that the gap between UK irs and US irs will continue to narrow, and that any money seeking a 'home' will prefer the greenback at 4% to the £ at 4.75 (as would I, if I didnt live here). This will, in the run up to year end, put ENORMOUS pressure on the BOE to raise rates because the alternative is to let the pound collapse and the UK suffer instant inflation way over the 3% level. We have 'gotten used' to a gbp dollar of almost 2 to the pound over the last 18 months. And we STILL can't keep our inflation below 2%. Imagine what will happen when all our dollar-denom imports suddenly add another 5%. Quote Link to comment Share on other sites More sharing options...
Guest Enzo Posted July 13, 2005 Share Posted July 13, 2005 Just so Perplexed doesn't get too delusional..... .....the pound since yesterday evening! YO! Quote Link to comment Share on other sites More sharing options...
Ah-so Posted July 13, 2005 Share Posted July 13, 2005 c] the markets are now pricing in a UK interest rate RISE<{POST_SNAPBACK}> Eh? Quote Link to comment Share on other sites More sharing options...
Guest Enzo Posted July 13, 2005 Share Posted July 13, 2005 The pound now down 2 big numbers ($0.02) in less than 24 hours. Is that still good news Perplexed? That surely must mean a rate reduction Quote Link to comment Share on other sites More sharing options...
justanewbie Posted July 13, 2005 Share Posted July 13, 2005 "a guaranteed rate cut next month to inject new life in the housing market " ================================================= Do you honestly.... can you honestly.... I mean.... can you.... believe... that reducing the average mortgage by £11 per month (try the maths for yourself) will make any difference to FTBs struggling to get on to the bottom rung of the market ... or people in semis trying to trade up to better properties... ? Well, do you ????? Quote Link to comment Share on other sites More sharing options...
ExeC Posted July 13, 2005 Share Posted July 13, 2005 Jog On?? lol @ the mockney, doesnt even know when to use the terms at the right time. Quote Link to comment Share on other sites More sharing options...
CrashIsUnderWay Posted July 13, 2005 Share Posted July 13, 2005 :-) :-) :-) perplexed mockney. 2 of the worst things to be. Ever. Except a BTL landlord in 2006. Quote Link to comment Share on other sites More sharing options...
Perplexed Posted July 13, 2005 Author Share Posted July 13, 2005 we've seen the dollar tank tuesday for several reasons including (but not limited to).a] profit taking. b] Dr Bubbs rumour re the Chineses credit line problen is now circulating widely - if the chinese start to experience real problems they may fall back on thier VAST store of greenbacks. c] the markets are now pricing in a UK interest rate RISE hence the £ strengthening. the profit taking is likely to reverse soon and the new short term trend of dollar up is likely to resume. <{POST_SNAPBACK}> and now the FTSE has another great day to boost everyone's endowments (the ones sensible enough to get the unit linked babies - my 3 are up 31% last 12 months) But in response to my fans R U for real ??? An interest rate rise would have the FTSE running - have you seen it ? I just can't wait for the reduction, I cant believe I will have so many people to take the pi$$ out of next month !! But I truly am stunned there are people who think it will rise - utterly stunning ! That would make 95% of London analysts wrong ! As for the amount it will reduce in mortgage payments, this is not the point - its the feelgood factor that it causes - and like it or not low interest rates mean more housing interest Oh and an earlier one about 'high' inflation ???? Its 2% mate !!!!!! Jeeze you lot are easy - I'm just waiting for Mad Marina to come up with something incomprehensible and I'll have the set !! Still you've been waiting so long whats another couple of years huh ? JOG ON ! Quote Link to comment Share on other sites More sharing options...
Phaedrus Posted July 13, 2005 Share Posted July 13, 2005 and now the FTSE has another great day to boost everyone's endowments (the ones sensible enough to get the unit linked babies - my 3 are up 31% last 12 months)<{POST_SNAPBACK}> You have an endowment?!!!!!! Oh dear! I was prepared to give you the benefit of the doubt, but by admitting to that you have just proven that you are a financial muppet of the highest order, willing to believe any old cr*p you are told, providing the advice comes from the mouth of an "expert". Have you not heard the term "front-end loading" and the effect it can have on the final value of any "investments" you make? Quote Link to comment Share on other sites More sharing options...
MarkG Posted July 13, 2005 Share Posted July 13, 2005 and now the FTSE has another great day to boost everyone's endowments Yet more good news to prevent the BoE reducing interest rates, then... You really don't get it, do you? If you want an interest rate cut, you need to be praying for _BAD_ news. Quote Link to comment Share on other sites More sharing options...
dog Posted July 13, 2005 Share Posted July 13, 2005 Perplexed has an endowment!!!!! I think that clears up a lot of issues. The only question left is who is translating his grunts into legible text? Quote Link to comment Share on other sites More sharing options...
Vivaldo Posted July 13, 2005 Share Posted July 13, 2005 Is a mongerer some kind of dog? Quote Link to comment Share on other sites More sharing options...
Gudz Posted July 13, 2005 Share Posted July 13, 2005 (edited) Can't believe anyone hasn't said this yet.... AWOOGA! AWOOGA! hehehe! Edited July 13, 2005 by Gudz Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted July 13, 2005 Share Posted July 13, 2005 Yet more good news to prevent the BoE reducing interest rates, then...You really don't get it, do you? If you want an interest rate cut, you need to be praying for _BAD_ news. <{POST_SNAPBACK}> Strang the Footsie showed positive signs just before Black Monday. Quote Link to comment Share on other sites More sharing options...
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