interestrateripoff Posted May 27, 2016 Author Share Posted May 27, 2016 U.S. Economy Better Than Thought, but Still Weak By NELSON D. SCHWARTZ 1:16 PM ET The growth rate for the first quarter was revised upward to 0.8 percent, mirroring other signs of improvement, but some areas were still struggling. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted May 27, 2016 Share Posted May 27, 2016 How long until BOE follows the fed if they raise? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted May 27, 2016 Share Posted May 27, 2016 How long until BOE follows the fed if they raise? About a quarter of a century. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted May 28, 2016 Share Posted May 28, 2016 (edited) I thought it was about 6 months to follow. but I guess this time the BOE won't just follow as it would absolutely kill the housing bubble. They probably want to trash sterling to erode some debts. Can live in hope though. Edited May 28, 2016 by jiltedjen Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 28, 2016 Share Posted May 28, 2016 I thought it was about 6 months to follow. but I guess this time the BOE won't just follow as it would absolutely kill the housing bubble. They probably want to trash sterling to erode some debts. Can live in hope though. When/if the us gets to 1%....1 month. They will have no choice. The US cares not for the US puppets and foreign housing buubble losers. They might actually want that!!! All those Russian and Chinese losers, brilliant. Just remember which banks ex employees litter world central banks Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted May 31, 2016 Author Share Posted May 31, 2016 US shoppers' spending spree helps to 'seal the deal' on June rate rise Quote Link to comment Share on other sites More sharing options...
Impatiently Waiting Posted May 31, 2016 Share Posted May 31, 2016 If the Fed raise in June and Brexit vote is a leave then the pound could tank against the dollar. What kind of rate would we expect? 1.3? Quote Link to comment Share on other sites More sharing options...
tinker Posted May 31, 2016 Share Posted May 31, 2016 A further US rate rise will be interesting. Wonder if they might force through a shock rate rise to influence the big vote (no mention of USA). Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 31, 2016 Share Posted May 31, 2016 If the Fed raise in June and Brexit vote is a leave then the pound could tank against the dollar. What kind of rate would we expect? 1.3? And 5% interest rates, imagine the BTL carnage! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 1, 2016 Share Posted June 1, 2016 And 5% interest rates, imagine the BTL carnage! 60%+ falls across the board. This will only happen when the governments hand is forced. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 1, 2016 Author Share Posted June 1, 2016 And 5% interest rates, imagine the BTL carnage! Imagine the business carnage with the promise to double your money in 15 years or so and that's with you doing nothing productive! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 1, 2016 Share Posted June 1, 2016 So, updated firefox and PB and still dont get any history info on the listing page Giving up on rightmove. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted June 1, 2016 Share Posted June 1, 2016 Imagine the business carnage with the promise to double your money in 15 years or so and that's with you doing nothing productive! Which is hoiw it used to be. Think of the effect on house prices. Instead of hpi doubling every 15 years leave you cash in the bank with zero risk. No landlording, no tenants etc. And people wonder why it cots 10 times average salary to buy a pit in London.. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted June 1, 2016 Share Posted June 1, 2016 So, updated firefox and PB and still dont get any history info on the listing page Giving up on rightmove. i only use zoopla as it allows me to filter by keyword 'garage'. Rightmore is terrible, its shows you endless pages of terrible properties you dont care about. Quote Link to comment Share on other sites More sharing options...
Rigged Posted June 2, 2016 Share Posted June 2, 2016 Jobless claims unexpectedly fall as labor market tightens http://www.reuters.com/article/us-usa-economy-idUSKCN0YO1I8 More news likely to sway them into raising interest rates. Quote Link to comment Share on other sites More sharing options...
Noallegiance Posted June 2, 2016 Share Posted June 2, 2016 Jobless claims unexpectedly fall as labor market tightens http://www.reuters.com/article/us-usa-economy-idUSKCN0YO1I8 More news likely to sway them into raising interest rates. Well the formerly jobless may well now have two dog turd jobs in order to keep servicing their debt. Good for them. Quote Link to comment Share on other sites More sharing options...
Rigged Posted June 2, 2016 Share Posted June 2, 2016 Well the formerly jobless may well now have two dog turd jobs in order to keep servicing their debt. Good for them. Couldnt care less what rigged stats they come up with, so long as they get interest rates up. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted June 2, 2016 Share Posted June 2, 2016 (edited) US house flipping is back! http://www.cnbc.com/2016/06/02/house-flipping-heats-up-creating-home-price-pressure-cooker.html House flipping heats up, creating 'home price pressure cooker' Diana Olick | @DianaOlick 4 Hours AgoCNBC.com It looks so easy on TV. Buy a bargain-basement house, pull up some nasty carpet, re-tile the bathroom, paint away the wall stains and sell it for a hefty profit. It's not, however, all those popular shows that are driving the flipping market today. It's pure and simple prices — and profit. There is a severe lack of good quality, turn-key homes for sale, and that has created a seller's market across the nation, even for those reselling homes. After cooling off in 2014, home flipping is on the rise again — its share of all home sales is up 20 percent in the first three months of this year from the previous quarter and up 3 percent from the same period a year ago, according to a new report from RealtyTrac, which defines a flip as a property bought and resold within a 12-month period. While flipping today is nothing like it was during the housing boom a decade ago, when investors used risky mortgages, it is reaching new peaks in 7 percent of the nation's metro markets, including Baltimore, Buffalo, New Orleans, San Diego and even pricey Seattle. Edited June 2, 2016 by zugzwang Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 2, 2016 Author Share Posted June 2, 2016 Fed's Yellen plans to speak at Jackson Hole conference - officialWASHINGTON Federal Reserve Chair Janet Yellen plans to speak on Aug. 26 at the central bank's annual conference in Jackson Hole, Wyoming, a Fed official said on Thursday. Comedy speech sorted. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 2, 2016 Author Share Posted June 2, 2016 China vice finance minister says Fed should communicate better on ratesBEIJING The U.S. Federal Reserve should communicate better with China and financial markets on its interest rate decisions, China's vice finance minister said on Thursday, noting U.S. monetary policy has a major impact on the global economy. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 2, 2016 Author Share Posted June 2, 2016 Fed swimming against global tide of easier ratesLONDON Rarely has the world's most important and powerful central bank been so isolated. Quote Link to comment Share on other sites More sharing options...
billybong Posted June 2, 2016 Share Posted June 2, 2016 (edited) Fed swimming against global tide of easier rates LONDON Rarely has the world's most important and powerful central bank been so isolated. Likely the US tightening might help the effect of the rest of the world's stimulus in relative terms - so it's not a 100% race to the bottom. Especially as the US economy is so large - so what are they all complaining about (except maybe less opportunity for lining their own pockets and relentless troughing). In a few months time quite a few might have to increase rates as well but relatively speaking does that matter much for the real economies. Most of them are already wrecked. After all the central banks have already officially admitted that their ZIRP/QE policies have failed and don't work except to thieve from everybody else. Edited June 2, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 3, 2016 Share Posted June 3, 2016 Fed swimming against global tide of easier rates LONDON Rarely has the world's most important and powerful central bank been so isolated. THE VI is strong in this one. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 4, 2016 Author Share Posted June 4, 2016 ‘Terrible’ US jobs figures kill hopes of a June rate rise Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 4, 2016 Author Share Posted June 4, 2016 Why The Fed Is Trapped: A 1% Increase In Rates Would Result In Up To $2.4 Trillion Of Losses As the Fed has rushed headlong into boosting interest rates, it forgot one small thing: combining a duration estimate of 5.6 years with a total notional exposure of $17trn, and current Dollar price of bonds of $105.6, indicates that, to first order, a 100bp shock to interest rates would translate into a $1trn market value loss. That is using the more conservative estimate of the bond market. Using the broader bond market sizing of $40trn, the market value loss estimate would be $2.4 trillion. And just like that the Fed is trapped. If rates return to normal debt servicing for many will probably become an interesting challenge. Quote Link to comment Share on other sites More sharing options...
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