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Four More Years Of Rock-Bottom Interest Rates

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http://www.dailymail.co.uk/news/article-1297634/Four-years-rock-rates.html

Four more years of rock-bottom interest rates: 'No need' to raise Bank interest above 0.5%
By BECKY BARROW
Last updated at 1:23 AM on 26th July 2010
Interest rates could be held at 0.5 per cent until 2014, respected economic experts will say today.
The prediction is a boost for millions of homeowners whose mortgage payments have more than halved in the recession as the base rate fell.
But it comes amid warnings of another slump in the property market..../
Housing minister Grant Shapps said recently low rates have, and will continue to be, the
biggest protection against families losing their homes as their mortgage payments remain low.

2 factors could hinder this plan: Run on the pound or a downgrade by one of the ratings agencies. The low IR subsidy is killing savers and the retired but reaping mega bonuses for the banksters who borrow at 0.5% and lend at rates up to 7000% on OD fees etc.

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Interest rates could be held at 0.5 per cent until 2014, respected economic experts will say today.

They may well prove to be right, but isn't the term "respected economic experts" now something of a sick joke?

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Guest BetterOffOnBenefits

I have complete confidence in this prediction. IR's will stay low for an eternity.

They will take the line of least resistance - shaft everyone else in order to protect that endagered species "the homeowner".

If Homeowners are evicted, the media will crucify this govt. We'll have Panorama specials on how families have been put through the wringer as they are forced to move out of their overpriced matchbox.

If Renter families (ie those that AREN'T on benefits) are evicted the media will turn the other cheek.

Edited by BetterOffOnBenefits

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Guest BetterOffOnBenefits

Britain is a ****hole.

If you're not a homeowner, you are NOTHING, ZILCH, ZERO. A total non-entity.

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Britain is a ****hole.

If you're not a homeowner, you are NOTHING, ZILCH, ZERO. A total non-entity.

5

The longer they keep rates at 0.5% the harder its going to be to ever raise them, just look at japan. The entire economy will become dependent on ultra low interest rates and we'll be trapped.

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I have complete confidence in this prediction. IR's will stay low for an eternity.

They will take the line of least resistance - shaft everyone else in order to protect that endagered species "the homeowner".

If Homeowners are evicted, the media will crucify this govt. We'll have Panorama specials on how families have been put through the wringer as they are forced to move out of their overpriced matchbox.

If Renter families (ie those that AREN'T on benefits) are evicted the media will turn the other cheek.

They say the truth hurts, what you say here certainly does, but sadly this renter scum (me) cannot argue with any point you make.

I'm close to walking away from the whole fvcking mess, the only thing holding me back is the limited choice of countries I can actually get in to.

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comments on the article say it all really - are all the bears on here posting their views?

Since when have low interest rates been set to help homeowners who could not afford their mortgages :huh: .

Edited by olliegog

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comments on the article say it all really - are all the bears on here posting their views?

Since when have low interest rates been set to help homeowners who could not afford their mortgages :huh: .

Homeowners are a side issue, they are accidental tourists, zirp is to protect banks and businesses, without it the economy is fcked and with it the economy is fcked, its just a waiting game now as to how long it goes on until the next shock happens and collapses the economy and it wont be Japan like for the west as they are already comically indebted soon to be joined by Japan who are fast running out of savings to keep it going over there,

Personally the longer it goes on the better, coz once it tips im not really looking forward to the global fallout

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http://www.dailymail.co.uk/news/article-1297634/Four-years-rock-rates.html

Four more years of rock-bottom interest rates: 'No need' to raise Bank interest above 0.5%
By BECKY BARROW
Last updated at 1:23 AM on 26th July 2010
Interest rates could be held at 0.5 per cent until 2014, respected economic experts will say today. ...

It's as if the 1970's have been completely erased from the history books, and economists are somehow convinced, once again, that you can never have low growth and high inflation at the same time.

A quick comparison of the 1970's in Germany (with low inflation) vs the UK or the US (with high inflation) shows that inflation was due much more to prolonged negative real interest rates in the US and the UK, rather than the oil crisis or strong unions. We're repeating the exact same mistake now but expecting a different result. Low interest rates in the West will do nothing but super-charge the economy in China and other emerging markets which have tied their currencies to the dollar.

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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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