spyguy Posted December 16, 2014 Share Posted December 16, 2014 Real interest rate of ~7% Just goes to show that when an country/economy loses the market then its got a hard battle to fight, which it mainly fights with interest rates. Just as well nothing like this has ever happened in the UK? A Rolls-Royce economy, cruising through the turbulent economic sea. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted December 16, 2014 Share Posted December 16, 2014 Mr Lamont lives. Quote Link to comment Share on other sites More sharing options...
Lifes a game Posted December 16, 2014 Share Posted December 16, 2014 it was 1.5% 2 months ago. Just crazy to see it go up so fast. Quote Link to comment Share on other sites More sharing options...
spyguy Posted December 16, 2014 Author Share Posted December 16, 2014 it was 1.5% 2 months ago. Just crazy to see it go up so fast. Yes, you will not see anything like that panic in the UK. All our Economists and central bankers are highly trained, scientifically proved professionals. Quote Link to comment Share on other sites More sharing options...
200p Posted December 16, 2014 Share Posted December 16, 2014 So Russia has been stock piling gold, now is a good time to show the world they are good for credit. Quote Link to comment Share on other sites More sharing options...
Nationalist Posted December 16, 2014 Share Posted December 16, 2014 Yes, it was BLACK MONDAY! But only in Russia. I'm sure the Yanks are pleased their sanctions are biting. Quote Link to comment Share on other sites More sharing options...
200p Posted December 16, 2014 Share Posted December 16, 2014 I think there are some stormy waters for stock markets, globally going ahead. We've been here before with the Rouble and the Thai Baht. Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted December 16, 2014 Share Posted December 16, 2014 I wonder what Max Keiser's take on this is? Quote Link to comment Share on other sites More sharing options...
Fully Detached Posted December 16, 2014 Share Posted December 16, 2014 it was 1.5% 2 months ago. Just crazy to see it go up so fast. Admittedly it's an extreme set of circumstances, but I wonder if a few UK people already maxed out on a 6x mortgage at 300 year low interest rates are starting to get a bit twitchy this morning? Nah, probably not. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted December 16, 2014 Share Posted December 16, 2014 interesting that commentators Ive been reading in the last few days say the Saudis refuse to turn the oil taps off. It is also interesting the Russians havent turned theirs off either...One would think they would if they were too concerned about the Ruble. We appear to be in a war of the suits, Russia is aiming at the Western Banks which will blow up due to Margin calls (paid and unpaid more likely) on oil derivatives, while our side hope the collapse of the Ruble will be victory for us. I think we have badly miscalculated.... Quote Link to comment Share on other sites More sharing options...
renting til I die Posted December 16, 2014 Share Posted December 16, 2014 Yes, you will not see anything like that panic in the UK. All our Economists and central bankers are highly trained, scientifically proved professionals. Quote Link to comment Share on other sites More sharing options...
geezer466 Posted December 16, 2014 Share Posted December 16, 2014 (edited) Bank Runs and food hoarding taking place as I type.... http://uk.businessinsider.com/price-inflation-in-russia-as-people-hoard-food-cash-2014-12?r=US Going out on a limb an extreme action would be war - it serves to unite countries in times like these.I understand that if OPEC drive oil to $50, Putin will have just one year of reserves left to fund the Russian State; there is going to be a lot of unhappy bears when they don't get paid. The proverbial old Chinese "May you live in interesting times" curse springs to mind............. A defacto war with Russia is already underway.... http://www.bbc.co.uk/news/world-middle-east-30289546 Why is Saudi Arabia using oil as a weapon? Edited December 16, 2014 by geezer466 Quote Link to comment Share on other sites More sharing options...
yellerkat Posted December 16, 2014 Share Posted December 16, 2014 Not just the Russian rate diving: Quote Link to comment Share on other sites More sharing options...
Errol Posted December 16, 2014 Share Posted December 16, 2014 Canada has issues as well: Canada’s currency at 54mo low as oil prices collapse http://rt.com/business/213783-canada-dollar-oil-price/ Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted December 16, 2014 Share Posted December 16, 2014 What's kind of interesting is as far as I can tell, that huge hike has made sod all difference to the exchange rates. They are continuing downwards. If the rate hike was supposed to be a mighty show of force its failed dismally. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted December 16, 2014 Share Posted December 16, 2014 What's kind of interesting is as far as I can tell, that huge hike has made sod all difference to the exchange rates. They are continuing downwards. If the rate hike was supposed to be a mighty show of force its failed dismally. Has ramping up interest rates to this level ever stopped a currency from declining? The speculators clearly smell profit. Quote Link to comment Share on other sites More sharing options...
cybernoid Posted December 16, 2014 Share Posted December 16, 2014 Admittedly it's an extreme set of circumstances, but I wonder if a few UK people already maxed out on a 6x mortgage at 300 year low interest rates are starting to get a bit twitchy this morning? Nah, probably not. They'd have to be watching the news or reading a paper. Seems unlikely. Quote Link to comment Share on other sites More sharing options...
billybong Posted December 16, 2014 Share Posted December 16, 2014 http:// www.bbc.co.uk/news/world-middle-east-30289546 Why is Saudi Arabia using oil as a weapon? Thank goodness there's no contribution to the falling oil price due to a fall in demand from the West and China etc etc. Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted December 16, 2014 Share Posted December 16, 2014 (edited) I wonder what Max Keiser's take on this is? In Staceys' bit at the beginning http://rt.com/shows/keiser-report/213255-episode-max-keiser-691/ Edited December 16, 2014 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted December 16, 2014 Share Posted December 16, 2014 72 to the dollar Quote Link to comment Share on other sites More sharing options...
kev-all-in Posted December 16, 2014 Share Posted December 16, 2014 soaring again! 115 - £ 71.5 - $ central bank intervention looks like a massive FAIL? Quote Link to comment Share on other sites More sharing options...
richc Posted December 16, 2014 Share Posted December 16, 2014 In Staceys' bit at the beginning http://rt.com/shows/keiser-report/213255-episode-max-keiser-691/ Do you think Max Keiser is paid in dollars? Putin is now spending about $700 million a year on Russia Today. How long is that going to continue? Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted December 16, 2014 Share Posted December 16, 2014 77 to the dollar Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted December 16, 2014 Share Posted December 16, 2014 soaring again! 115 - £ 71.5 - $ central bank intervention looks like a massive FAIL? Was it going to be anything other? Quote Link to comment Share on other sites More sharing options...
long time lurking Posted December 16, 2014 Share Posted December 16, 2014 What's kind of interesting is as far as I can tell, that huge hike has made sod all difference to the exchange rates. They are continuing downwards. If the rate hike was supposed to be a mighty show of force its failed dismally. Same here Quote Link to comment Share on other sites More sharing options...
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