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King: Brace For Interest Rate Rises

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'No one should doubt our determination to meet the target for inflation,' he insisted.

Bulshitter.

As each month's above target inflation number washes under the bridge they think they have got away with folling the public. They have been playing this game for years - targeting inflation two years out, utter, utter lies.

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'No one should doubt our determination to meet the target for inflation,' he insisted.

Bulshitter.

As each month's above target inflation number washes under the bridge they think they have got away with folling the public. They have been playing this game for years - targeting inflation two years out, utter, utter lies.

At the moment they are determined to create some inflation, dont you know. They didnt print 200 billion to keep prices stable.

As for bracing for interest rate rises, how about get ready to rejoice?

Bring it on Brother.

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'No one should doubt our determination to meet the target for inflation,' he insisted.

Beyond a joke. Where are the 5+% base rates then?

I'm making use of the NSI-linked tax-free accounts.

VMR

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I'm braced! Give it to me hard and fast! Just how I like it!

Seriously though, all he really said was that rates will rise before the asset purchase program was withdrawn. He was very vague about when it could be and said that inflation will

drop to below target next year.

I'll put the Vaseline back away for now.

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'No one should doubt our determination to meet the target for inflation,' he insisted.

Beyond a joke. Where are the 5+% base rates then?

I'm making use of the NSI-linked tax-free accounts.

VMR

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'No one should doubt our determination to meet the target for inflation,' he insisted.

Bulshitter.

As each month's above target inflation number washes under the bridge they think they have got away with folling the public. They have been playing this game for years - targeting inflation two years out, utter, utter lies.

+ 1

Tell people enough times and they'll start to believe you. Tony Blair was very good at repeating the same words over and over again. Meant he didn't actually have to do anything.

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Oooo look, oil doubled and sterling was devalued. Double digit rates.

Jesus wept.

You're wrong. Get over it.

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In the words of a great man...

"Mervyn King, cut your jibber-jabber"

Yes. He should cut the jibber-jabber and just get on with it.

But he won't. That is he won't cut the jibber-jabber and he won't put up interest rates :(

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  • 149 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%



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