Jump to content
House Price Crash Forum

Bank Of England: "recession Recovery Will Be Slower Than We Thought"


Recommended Posts

BBC link to follow, DM for now:

http://www.dailymail.co.uk/news/article-1249866/Bank-England-warns-recovery-recession-slower-forecast.html

Governor Mervyn King said the forecast for recovery was now worse than it had been three months ago.

Of course, he said this before in May 2009. http://news.bbc.co.uk/1/hi/business/8047593.stm

Edited by The Last Bear
Link to post
Share on other sites

Unexpected I'm sure.

The straight line prediction graph not working as it should? They should complain to Bloo Loo he's sold them the dodgy kit in the first place.

So far it's looking like what happened last time: "recovery in 6 months, recovery in 6 months..." for several years. What's worse this time is the recklessness of the QE and stealing from savers to prop up the liars and idiots.

Link to post
Share on other sites

Unexpected I'm sure.

The straight line prediction graph not working as it should? They should complain to Bloo Loo he's sold them the dodgy kit in the first place.

perhaps they should have replaced the consumables as per the instruction booklet.

and the bank may have used the wrong kit...the Famous Bloo Loo Gilt Edged Prediction kit has a Yeild curve built in.

Link to post
Share on other sites

Hold on - it's just been suggested by "experts" that this means no interest rate rises for a long time...

That explains the supposed candour from The King and Ministry of Excuses to screw the savers for longer.

only if your stupid enough to keep yoru savings in £s.

try gold, silver or canadian dollars.

Link to post
Share on other sites

only if your stupid enough to keep yoru savings in £s.

try gold, silver or canadian dollars.

Well, naturally I wish I'd bought PMs when they were near their lows. Right now, I'm not so brave.

King looking to hide behind that supposed excuse to keep rates low and inflate property prices more? Seems so.

TLB

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.

  • 433 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.