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Realistbear

Merv Will Want To Avoid H P D And Keep Rates At Record Lows

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http://uk.finance.yahoo.com/news/bank-report-seen-signalling-steady-rates-for-a-while-reuters_molt-2b2aec29ec77.html?x=0

Bank report seen signalling steady rates for a while
David Milliken, 8:26, Wednesday 11 August 2010
LONDON (
Reuters
) - The Bank of England looks set to revise up its 2011 inflation forecast on Wednesday and trim its outlook for next year's growth, but may make little change to the more important forecast of inflation in 2012 and beyond.
Bank Governor Mervyn King is likely to play down the significance of what could well turn out to be a second straight year of above-target inflation, arguing inflation expectations remain well anchored despite misgivings from other policymakers.

Rising inflation in the UK and Merv forgets his remit because of the danger of massive deflation in our number one business enterprise: houses.

It was HPI that got us into this mess in the first place and it will be HPD* that will get us out provided we learn from the past and add HPI to the basket in future years. Merv has a chance now to slay the dragon but he dare not.

*House Price Deflation

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http://uk.finance.yahoo.com/news/bank-report-seen-signalling-steady-rates-for-a-while-reuters_molt-2b2aec29ec77.html?x=0

Bank report seen signalling steady rates for a while
David Milliken, 8:26, Wednesday 11 August 2010
LONDON (
Reuters
) - The Bank of England looks set to revise up its 2011 inflation forecast on Wednesday and trim its outlook for next year's growth, but may make little change to the more important forecast of inflation in 2012 and beyond.
Bank Governor Mervyn King is likely to play down the significance of what could well turn out to be a second straight year of above-target inflation, arguing inflation expectations remain well anchored despite misgivings from other policymakers.

Rising inflation in the UK and Merv forgets his remit because of the danger of massive deflation in our number one business enterprise: houses.

It was HPI that got us into this mess in the first place and it will be HPD* that will get us out provided we learn from the past and add HPI to the basket in future years. Merv has a chance now to slay the dragon but he dare not.

*House Price Deflation

The chosen way out is moderate inflation coupled with house-price stagnation.

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The chosen way out is moderate inflation coupled with house-price stagnation.

Looks that way, the trouble is this isn't fixing anything, merely moving the current problem further into the future.

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The chosen way out is moderate inflation coupled with house-price stagnation.

Yep. Those idiot's who bought a highly inflated house are protected while those that have saved are going to be sacrificed. Wasn't the Idiot-Merv appointed by the Idiot-Brown? If so, can't Idiot-boy-Merv be removed ?

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  • 140 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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