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rantnrave

I R S Unchanged At 0.5%

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You have to wonder what inflation numbers they're sat on?

I would guess these days they have to hold their meetings scrunched somewhere near the ceiling, noses touching. ;)

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It's good here isn't it? :P

Still provided Merv is being vigilant then I'm sure it will all work out just fine.

Don't worry about all the icebergs, rocks and mines surround HMS UK, none of them will harm us with old Merv at the wheel.

Remember there is NO INFLATION, it's DEFLATION we need to worry about. The last thing we need right now are things costing less :rolleyes:

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The MPC are rapidly becomming an international laughing stock. They have lost all credibility.

“It’s now come to this position: we have to have an improvement in inflation or they have to raise rates,” said Steven Bell, chief economist at London-based hedge fund GLC Ltd. and a former U.K. Treasury official. “The clock is ticking. May is now everyone’s favorite date.”

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Unchanged yes, but momentum is shifting towards a rate rise. The good news is the main stream view is shifting towards seeing HPI and house prices as the massive problem they are.

The HPC ideology is becoming the mainstream view of the housing market. IR need to rise slowly and house prices will fall more quickly back to equilibrium probably a 30-50% real drop.

From the torygraph:

http://blogs.telegraph.co.uk/finance/jeremywarner/100009471/well-theres-a-surprise-no-change-in-interest-rates/

The Bank and Treasury constantly bang on about the need to rebalance the UK economy, but their actions seem invariably to push in the other direction. The continued maintainance of substantially negative real interest rates is damaging savers and supporting unsustainably high house prices. As I wrote for this morning’s Daily Telegraph column, it’s the very antithesis of the rebalancing the UK economy so desperately needs.

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Mystic Merv has been quite open - Interest rates will only rise when wages start creeping up. Considering that wage freezes/cuts are all around (apart from Banksters and the elite), interest rates ain't going nowhere.....apart from down, when the UK is officially double-dipped :P

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  • 312 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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