blobloblob Posted November 29, 2011 Share Posted November 29, 2011 I always think that the black hole in the ecomony will be bigger than I thought it was, so to me it's exactly the same size as I thought it was. Quote Link to comment Share on other sites More sharing options...
neil324 Posted November 29, 2011 Share Posted November 29, 2011 Staggering program, 3 journalists talking about the speech today. Markets are confidently buying our bonds which is why the yields are so low, Europe is looking at us in envy because our position is much better. Quote Link to comment Share on other sites More sharing options...
billybong Posted November 29, 2011 Share Posted November 29, 2011 (edited) Well today low interest rates seem to be the sole mantra the g'ment spokesmen are forever repeating. +1 Yes they can't resist trumpeting on about the low interest rates- and these low interest rates started under Labour so they're just trumpeting the Labour numpties policy Government spokesmen - job's a goodun Another theme today was the "debt storm" but there's been no mention (so far) of the "fraud storm" or the "liar loan storm" or the "bankers bonus storm" or the "political incompetence storm" etc. Edited November 29, 2011 by billybong Quote Link to comment Share on other sites More sharing options...
billybong Posted November 29, 2011 Share Posted November 29, 2011 and at Halifax Bank of Scotland In passing I noticed that the Halifax has a small notice on it's doorways warning about criminals. So I didn't go in. Quote Link to comment Share on other sites More sharing options...
Goat Posted November 29, 2011 Share Posted November 29, 2011 Shadow Chief Secretary to the Treasury Rachel Reeves MP If she can have that background, and believe the rubbish she was spouting then Gawd help us all! I suppose she could just be parroting the Ed Bo11ocks party line. Quote Link to comment Share on other sites More sharing options...
Milton Posted November 29, 2011 Share Posted November 29, 2011 (edited) Here we go yet again.. Danny repeating we don't want lower interest rates put at risk because of mortgages. I distinctly remember Nick Clegg, pre-election, on sky news, saying that Affordable House Prices was one of the top two questions he was asked about in every city he visited. [in fact someone filmed Clegg saying this on the tele using their mobile, and posted on the forum] He went on to state that the government would make houses affordable again within a few years.........he certainly implied it would be before the next General election in 2015......... The Lib Dems last stint out of office will make the next one look like a short weekend break. Weve had to work for over a decade, for nothing, no capital, as house prices were manipulated to rise year after year, further and further out of reach, [300% in a decade] There's no-one to vote for...They are all the same. Bagmen to a corrupt banking system. Useless spinless traitors. Remind me again. How many voters will be priced out of housing by 2015? 3 million slaves?....More? Edited November 30, 2011 by Milton Quote Link to comment Share on other sites More sharing options...
bmf Posted November 30, 2011 Share Posted November 30, 2011 I think it is time that the penny dropped with HPCers that the Govt and BOE intend to keep IRs low for as long as possible and will also prop up the housing market no matter what. Oh don't worry - I'n there. Quote Link to comment Share on other sites More sharing options...
bmf Posted November 30, 2011 Share Posted November 30, 2011 No, he doesn't get it at all. He's calling for the exact opposite of whatever the government wants for the same reason that my 8 year old son always wants to eat toast for breakfast when offered cornflakes and vice-versa. The little ******er. Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 30, 2011 Share Posted November 30, 2011 Ooh that's a tough one. "Can you Magic a few more billion please Merv?" "Sure." "Ta." has Danny Alexander got an oddly shaped ***** or is he a scotsman? Quote Link to comment Share on other sites More sharing options...
billybong Posted November 30, 2011 Share Posted November 30, 2011 (edited) I distinctly remember Nick Clegg, pre-election, on sky news, saying that Affordable House Prices was one of the top two questions he was asked about in every city he visited. [in fact someone filmed Clegg saying this on the tele using their mobile, and posted on the forum] He went on to state that the government would make houses affordable again within a few years.........he certainly implied it would be before the next General election in 2015......... The Lib Dems last stint out of office will make the next one look like a short weekend break. Clegg starts to look as relevant as the Boy David with every passing moment. Edited November 30, 2011 by billybong Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted November 30, 2011 Share Posted November 30, 2011 Danny Alexander started laughing saying that Ed Balls had said low interest rates are a sign of weakness. I don't know if Balls had said that or not but he is correct. Low interest rates are a sign of a weak economy. Interest rates much lower than inflation are a big red sign saying your economy is completely and utterly broken. Quote Link to comment Share on other sites More sharing options...
DTMark Posted November 30, 2011 Share Posted November 30, 2011 And yet again they mention how much lower our interest rates are than Italy's, which helps all of us with mortgages. How about the ever increasing amount of people who do not hold mortgages because they can't afford to buy, and how about the savers? They seem to ignore that just aiming for continued low interest rates, is of no benefit to many. It's not really about helping people with their mortgages, just as QE is not about "pumping cash into the economy". It's about avoiding a new wave of mass defaults in the property sector, further undermining the solvency of our banks. It isn't about those who might default although they're relevant politically, of course. It's about not having to bail out the banking sector again, which is too big to do so. Quote Link to comment Share on other sites More sharing options...
South Lorne Posted November 30, 2011 Share Posted November 30, 2011 Shadow Chief Secretary to the Treasury Rachel Reeves MP If she can have that background, and believe the rubbish she was spouting then Gawd help us all! ...HBS is the key... Quote Link to comment Share on other sites More sharing options...
mfs1959 Posted November 30, 2011 Share Posted November 30, 2011 It's not really about helping people with their mortgages, just as QE is not about "pumping cash into the economy". It's about avoiding a new wave of mass defaults in the property sector, further undermining the solvency of our banks. It isn't about those who might default although they're relevant politically, of course. It's about not having to bail out the banking sector again, which is too big to do so. Spot on - and that's why there's 25% - 30% deposits etc. The banks can't afford to take on any further risk of property price falls. Quote Link to comment Share on other sites More sharing options...
Guest spp Posted November 30, 2011 Share Posted November 30, 2011 No, he doesn't get it at all. He's calling for the exact opposite of whatever the government wants for the same reason that my 8 year old son always wants to eat toast for breakfast when offered cornflakes and vice-versa. Bingo! And they actually get paid for that. Quote Link to comment Share on other sites More sharing options...
Giordano Bruno Posted November 30, 2011 Share Posted November 30, 2011 I think it is time that the penny dropped with HPCers that the Govt and BOE intend to keep IRs low for as long as possible and will also try to prop up the housing market no matter what.Corrected. Apart from the correction I agree with you. Quote Link to comment Share on other sites More sharing options...
Fishman Posted November 30, 2011 Share Posted November 30, 2011 And let's not forget that this is probably the best case scenario. No doubt the OBR have a 'worst' case filed away under lock and key, for fear of it being leaked. Quote Link to comment Share on other sites More sharing options...
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