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Has Anyone On Here Been Made Redundant Whilst Renting?


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I hope you right about interest rates being 2% above wages. The only problem is that I don't believe their wage figures now. So if they say 5% then, it could be well above that.

Sorry about the £625 blunder.

I have worked in manufacturing for over 25 years, i have never had a 5% pay rise. But in the last 25 years, even only in the last 3 years, i was earning 7% gross on my savings. So i just do not buy this 5%+ wage inflation for us workers, us real people, but i can see savings rates hit 7%+.

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I have worked in manufacturing for over 25 years, i have never had a 5% pay rise. But in the last 25 years, even only in the last 3 years, i was earning 7% gross on my savings. So i just do not buy this 5%+ wage inflation for us workers, us real people, but i can see savings rates hit 7%+.

7% interest rates! When?

We now have -5% real interest rates and propaganda to try brainwash savers having their wealth destroyed by saying it is necessary to help businesses (who aren't seeing lower lending rates) and people with mortgages (high house prices give bankers more mortgage interest).

Our government has the confidence of the markets (bribed the financial sector with enough taxpayer's/savers money to keep their support), so they can syphon off as much money as possible while they are in power.

For rates to rise to 7% are you forecasting inflation of 12%+?

Have you got the figures for your earlier amortisation example? Or a link to an amortisation calculator that allows negative interest rates?

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7% interest rates! When?

We now have -5% real interest rates and propaganda to try brainwash savers having their wealth destroyed by saying it is necessary to help businesses (who aren't seeing lower lending rates) and people with mortgages (high house prices give bankers more mortgage interest).

Our government has the confidence of the markets (bribed the financial sector with enough taxpayer's/savers money to keep their support), so they can syphon off as much money as possible while they are in power.

For rates to rise to 7% are you forecasting inflation of 12%+?

Have you got the figures for your earlier amortisation example? Or a link to an amortisation calculator that allows negative interest rates?

http://www.which.co.uk/news/2008/04/savings-rates-break-through-7-rate-137707/

Nationwide were offering 6.5%

Chelsea were offering 6.8%

The ammortised model works on wage inflation data. NOT cost inflation data. Wage inflation is negative, like interest rates, so the model is negative at present like real wage inflation and real interest rates.

Wage inflation is reflected in base rates/savings rates, whereas cost inflation is not, as per now happening. You cannot beat cost inflation through savings rates, your only chance is playing the exotic casino in buying into the commodity speculative market, just have to hope it keeps rising? I think it will while they trash the dollar, should any support come for the dollar, commodities will crash......................i think?

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http://www.which.co.uk/news/2008/04/savings-rates-break-through-7-rate-137707/

Nationwide were offering 6.5%

Chelsea were offering 6.8%

The ammortised model works on wage inflation data. NOT cost inflation data. Wage inflation is negative, like interest rates, so the model is negative at present like real wage inflation and real interest rates.

Wage inflation is reflected in base rates/savings rates, whereas cost inflation is not, as per now happening. You cannot beat cost inflation through savings rates, your only chance is playing the exotic casino in buying into the commodity speculative market, just have to hope it keeps rising? I think it will while they trash the dollar, should any support come for the dollar, commodities will crash......................i think?

What we have here, is failure to communicate.

I didn't mean when were the 7% rates, I meant when did you think they were coming again!

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What we have here, is failure to communicate.

I didn't mean when were the 7% rates, I meant when did you think they were coming again!

Ahhhhh, in all honesty, and i know its not what you want to hear, nor me really as i have some savings earning piittence, but; The value of your savings, .i.e. future productive worth, so the store of wealth in savings, so the return which your savings provide is very closely linked to the store of wealth in your labour, your physical effort to perform a task or a role such as a job, a task which returns a monetry value, such as a salary. So until we see some upward movement, not globally, but within the UK, as this is where we hold our savings wealth .i.e savings in sterling. So until earnings start an upward trend, we will not see savings rates, or interest rates moving north. I have tracked this scenario back thirty years, and savings rates after 20% tax, so net, have always exceeded wage inflation or RPI for the given year. Even today, i know not RPI, but this is imported inflation due to a weakened currency, which is dragging down the value of your savings and wages combined, but with wage inflation at best currently at around 2.8%, you can achieve this by fixing your savings for a year at 3.5%. So the return matching current wage inflation.

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