Jump to content
House Price Crash Forum
Sign in to follow this  
rainbow

The Business Weekend

Recommended Posts

Mr Rainbows letter printed this weekend in The Business, having a little dig at the MPC :)

Here's a copy below, they edited out the Crash Gordon bit :lol:

Sir

For MPC watchers Septembers rate setting meeting should be the best yet.

Surely it is not the credibility of the "outsiders" that's at stake, but that of the permanent members.

If the permanent members believed that in August 4.75% was the correct rate, and voted for a hold, they must be even more convinced now, given the recent inflation data released since that meeting.

This raises the prospect of four permanent members voting rates back up in September, whilst the four "outsiders" vote for either another cut or a hold (whichever Crash Gordon decides).

Admittedly, the prospects of voting to reverse last months decision will not be very appealing, but this is where we find out whether face-saving for the panel as a whole has priority over the permanent members economic beliefs

Mrs Rainbow

Share this post


Link to post
Share on other sites
Mr Rainbows letter printed this weekend in The Business, having a little dig at the MPC  :)

Here's a copy below, they edited out the Crash Gordon bit :lol:

Sir

For MPC watchers Septembers rate setting meeting should be the best yet.

Surely it is not the credibility of the "outsiders" that's at stake, but that of the permanent members.

If the permanent members believed that in August 4.75% was the correct rate, and voted for a hold, they must be even more convinced now, given the recent inflation data released since that meeting.

This raises the prospect of four permanent members voting rates back up in September, whilst the four "outsiders" vote for either another cut or a hold (whichever Crash Gordon decides).

Admittedly, the prospects of voting to reverse last months decision will not be very appealing, but this is where we find out whether face-saving for the panel as a whole has priority over the permanent members economic beliefs

Mrs Rainbow

Very interesting.

But you have to remember Merv 'invited' members to reduce the rate. He voted to keep them on hold as he was the last to vote, hence saw all other votes before voting himself.

I think his vote was a message not to expect further reductions. Therefore, i expect rates to be unchanged in September - although the minutes will be a good read!

Share this post


Link to post
Share on other sites

Mrs Raindow,

Excellent, truly excellent. Good that The Business actually published as there seem to be very few people in the press that either know and write about or indeed ackowledge what is patently going on in the BOE.

Quite frankly personally I think the whole charade stinks to high heaven and is a blatant attempt to paint a situation which is patently not true - i.e. independence of the BOE.

Does this matter? - you bet it does becuase if actions of the over recent years BOE serve in the medium to long term to cripple the UK economy and millions of people's lives with it then it will be all the more difficult to idenitify the true cause of the whole problem and who was actually dictating policy all along.

Share this post


Link to post
Share on other sites
did they print the 'Crash Gordon' bit ?

this deserves a DFC.

No they dropped the Crash Gordon, bit too near the bone, for them.

But to be fair they have been rubbishing big Gordon's economic forecasts

for the past 2 years, whilst most other broadsheets have been blowing smoke

up his a**e (until recently).

The Business is now the only paper I read and take seriously (apart from The Racing Post) as most of the sensible comments from the likes of David Smith, et al, have been plagiarized from it.

Mr Rainbow

Share this post


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...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 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.