'Bart' Posted January 12, 2011 Share Posted January 12, 2011 you forgot to put the "" thingys in, i dont think that will work Thinking about it, it's exactly 20 years since I did any kind of programming. And I wasn't very good at it then. Quote Link to comment Share on other sites More sharing options...
TheUsualSuspect Posted January 12, 2011 Share Posted January 12, 2011 They'll hold. They're itching to just print money...sorry Quantitatively Ease, money into existence. Inflation is going to rocket. I'm sure there are more astute (or more interested) folks on here who can describe succinctly how M1 money introduced into a system causes inflation. I've read the technical details on this somewhere before, but can't quite recall how it works. I do recall that only the initial recipients of it gain the value from it and the average pleb gets stiffed with rocketing prices. Buy shares. Actually, buy anything rather than hold cash. Even when you have to wheelbarrow your money to buy a loaf of bread, the wheelbarrow will still have some value. Even Gold is not too bad an idea (mind you, make sure you can physically defend it. I wouldn't fancy flashing Gold around in a country pissed off and hungry). Oil to hit $200 by 2012 ? Woo.... that could be fun. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted January 12, 2011 Share Posted January 12, 2011 We could have a bet on the voting. Its pretty obvious they ain't going to raise, until we are shuffling money around the streets in wheelbarrows. Quote Link to comment Share on other sites More sharing options...
The Generation Game Posted January 12, 2011 Share Posted January 12, 2011 We could have a bet on the voting. Its pretty obvious they ain't going to raise, until we are shuffling money around the streets in wheelbarrows. 8-1 again. Sentence, whilst the rest fiddle. Quote Link to comment Share on other sites More sharing options...
red Posted January 12, 2011 Share Posted January 12, 2011 (edited) Well spotted it should be 10 PRINT "INFLATION WILL BE LOWER IN 18 MONTHS" 20 GOTO 10 Wow. Someone else who did 'BASIC' at school! p.s. absolutely no chance of a rise in rates. I'll run naked around the BoE if they do... Edited January 12, 2011 by red Quote Link to comment Share on other sites More sharing options...
Sibley's Love Child Posted January 12, 2011 Share Posted January 12, 2011 8-1 again. Sentence, whilst the rest fiddle. I'm convinced that Sentance is a 'plant' sent to give plebs like us a glimmer of false hope each month. Hold IRs; hold QE. Like a ******ing predictable, but not very funny joke. Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted January 12, 2011 Share Posted January 12, 2011 They'll raise rates alright..... The rate of which money comes flying off the printers, this time next year we'll all be millionares.... shame bread will be 3 million quid though :angry: Quote Link to comment Share on other sites More sharing options...
Cinzano Bianco Posted January 12, 2011 Share Posted January 12, 2011 (edited) Will they b0ll0cks. Edited January 12, 2011 by the.ciscokid Quote Link to comment Share on other sites More sharing options...
DontCareBear Posted January 12, 2011 Share Posted January 12, 2011 Ever hopeful that my savings may chase inflation, I've invested £2 on Betfair @ 40-1 that they'll go to 0.75% tomorrow! Quote Link to comment Share on other sites More sharing options...
Guest The Relaxation Suite Posted January 12, 2011 Share Posted January 12, 2011 We used to have a poll every month until it became pointless. This is the first time for months that I feel there is any chance of IR rising. What do you think? Being totally serious, and with my most analytical hat on, I would say there is more chance of the moon turning out to be made of passionfruit pavlova than there is of a rate increase this time around. Quote Link to comment Share on other sites More sharing options...
'Bart' Posted January 12, 2011 Share Posted January 12, 2011 Well spotted it should be 10 PRINT "INFLATION WILL BE LOWER IN 18 MONTHS" 20 GOTO 10 Well, strictly speaking it should be: 10 PRINT "JESUS F***ING CHRIST WHAT HAVE WE BEEN DOING ALL THESE YEARS? WE'VE BEEN FAST ASLEEP AT THE WHEEL. RAISE RATES ASAP" 20 GOTO 10 Quote Link to comment Share on other sites More sharing options...
Nickolarge Posted January 12, 2011 Share Posted January 12, 2011 We used to have a poll every month until it became pointless. This is the first time for months that I feel there is any chance of IR rising. What do you think? I think the poll is still pointless. Judging by the voting so do the majority. When I think that the coalition is ready to commit electoral suicide I will start to believe they will raise the interest rate. Quote Link to comment Share on other sites More sharing options...
fellow Posted January 12, 2011 Author Share Posted January 12, 2011 When I think that the coalition is ready to commit electoral suicide I will start to believe they will raise the interest rate. Except that the majority of their core voters want interest rates up and massive cuts. Quote Link to comment Share on other sites More sharing options...
MattW Posted January 12, 2011 Share Posted January 12, 2011 I guess that they will remain on hold. Quote Link to comment Share on other sites More sharing options...
Nickolarge Posted January 12, 2011 Share Posted January 12, 2011 Except that the majority of their core voters want interest rates up and massive cuts. Not sure exactly what a coalition core voter is but I do know that large swathes of Tory voters will be in deep do-do if the rates go up by any meaningful amount. Tory voters are not all sitting on huge investment funds. Most of them are mortgaged to the hilt. Quote Link to comment Share on other sites More sharing options...
Fairies Wear Boots Posted January 12, 2011 Share Posted January 12, 2011 (edited) Ok who voted +0.5%? Fantasists. They can get away with holding, so they will. I'm not happy about it at all. I think they might get off their hands and start rising in the next six months. Hope so. Edit spelling. Edited January 12, 2011 by Fairies Wear Boots Quote Link to comment Share on other sites More sharing options...
jonb Posted January 12, 2011 Share Posted January 12, 2011 10 INFLATION WILL BE LOWER IN 18 MONTHS 20 GOTO 10 Should be 10 REPEAT 20 PRINT "Inflation will be lower in 18 months" 30 UNTIL FALSE or even better program LetterToChancellor(output); begin repeat writeln("Inflation will be lower in 18 months") until false; end. Quote Link to comment Share on other sites More sharing options...
'Bart' Posted January 12, 2011 Share Posted January 12, 2011 They can get away with holding, so they will. Holding is the "safe" option as far as public opinion goes. It's the line of least resistance. Quote Link to comment Share on other sites More sharing options...
Blod Posted January 12, 2011 Share Posted January 12, 2011 They'll hold them this time and for the next few months. Just hope that when they have to lift them they can remember how to, muppets. Quote Link to comment Share on other sites More sharing options...
Once in a lifetime Posted January 13, 2011 Share Posted January 13, 2011 canned laughter... Quote Link to comment Share on other sites More sharing options...
singlemalt Posted January 13, 2011 Share Posted January 13, 2011 MPC - Bunny in the headlights brigade. Quote Link to comment Share on other sites More sharing options...
gf3 Posted January 13, 2011 Share Posted January 13, 2011 Should be 10 REPEAT 20 PRINT "Inflation will be lower in 18 months" 30 UNTIL FALSE or even better program LetterToChancellor(output); begin repeat writeln("Inflation will be lower in 18 months") until false; end. I don't think there's a repeat or until key Quote Link to comment Share on other sites More sharing options...
Nationalist Posted January 13, 2011 Share Posted January 13, 2011 I've got £2 on a 1.5% or more rise. I stand to make a couple of thou... can't wait! Quote Link to comment Share on other sites More sharing options...
Wait & See Posted January 13, 2011 Share Posted January 13, 2011 Merv and the gang might think they're being clever by holding rates at 0.5% to allow for the (housing market) recovery, but lets just wait & see how inflation (peoples cost of living) looks by October. :0 It's a broken plan this one. But we all know that already......... Quote Link to comment Share on other sites More sharing options...
Realistbear Posted January 13, 2011 Share Posted January 13, 2011 http://www.bloomberg.com/news/2011-01-13/boe-s-inflation-battle-may-pose-headache-for-cameron-on-deficit.html Citigroup Inc., Societe Generale SA and BNP Paribas SA said last week the Bank of England may increase the benchmark rate faster than previously anticipated to maintain credibility as price pressures intensify, while Cameron said on Jan. 9 that inflation has been “concerning.” Still, his plans for the biggest budget squeeze since World War II may depend on monetary policy continuing to support the economic recovery. Credibility is long gone along with trust in the commercial banks. The only reason our currency and bonds are among the best in the world is that the consequences for the Brown years have not yet hit with force. Its just a matter of time and I suspect time is about to run out along with our "resilience" to market forces. Our survival has been predicated mostly on others being in the same mess. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.