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Snugglybear

"interest Rates 'not Tool For Housing Market'"

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"My response to that is every month we meet we pour over the data and we argue and we analyse and it's a big decision and we make that decision with huge amounts of care and thoughtfulness and making a decision to keep rates steady is just as difficult a decision to raise or lower rates."

:lol:

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Quite, someone should have reminded Carney about the 2005 rate cut specifically targeted at a stalling housing market.

Someone should remind the people.

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I can't believe these idiots are in charge.

Forever finding excuses to do nothing.

Funny how you can only leave comments on what the BBC wish you to leave comments on.

Edited by cool_hand

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I can't believe these idiots are in charge.

Forever finding excuses to do nothing.

Funny how you can only leave comments on what the BBC wish you to leave comments on.

I can't believe we accept these people are in charge.

for me, it's totally transparent what they are doing.

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I can't believe these idiots are in charge.

Forever finding excuses to do nothing.

Funny how you can only leave comments on what the BBC wish you to leave comments on.

Whislt their policies might be idiotic and hugely detremental to the majority of the population these people aren't idiots... they're cuuning, manipulative self-serving scum.

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It is when prices are falling.

It isnt when prices are rising.

Not much else needs to be said.

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Looking very like the lower the rates go the higher the prices inflate.........low rates, low inflation and printed money all meeting together in high asset prices......unwind it all and the effect will not be unlike an over stretched elastic band. ;)

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Maybe there is too much debt and any rise would crash the economy, maybe there is no recovery.

Maybe whatever they do will crash the economy and banks so they keep their eyes shut, cross their fingers and do nothing hoping that it will all be OK until they retire or go back home (Canada in the case of Carney). It worked OK for Merv and it looks like it won't all collapse until after Dave vacates #10.

But they are saying debt has been paid down.

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Cameron has been saying the debt is being paid down but the reality is that the deficit is reducing but since 2010 the debt has doubled to 1.5 trillion .... and is still increasing by 70 or 80 billion (the deficit ... essentially) every year. Still George has said we will be running a surplus in 2015 2018 2020.

How can there now ever be a surplus........QE has seen the death of that ever happening.....more like a default or a write down or even a reset. ;)

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We are no longer on the Gold Standard, we are now on a bricks and mortar Standard.

The Banks need high property prices, or they could fail, so the powers that be QE/ZIRP to increase property prices.

It's like pegging the currrency to gold then fixing the price in some illegal cartel.

Priceless.

Edited by Lord D'arcy Pew

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Cameron has been saying the debt is being paid down but the reality is that the deficit is reducing but since 2010 the debt has doubled to 1.5 trillion .... and is still increasing by 70 or 80 billion (the deficit ... essentially) every year. Still George has said we will be running a surplus in 2015 2018 2020.

I meant personal debt.

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Cameron has been saying the debt is being paid down but the reality is that the deficit is reducing but since 2010 the debt has doubled to 1.5 trillion .... and is still increasing by 70 or 80 billion (the deficit ... essentially) every year. Still George has said we will be running a surplus in 2015 2018 2020.

+1. You should like this quote from 2010:

"A sustainable private sector recovery built on a new model of economic growth, instead of pumping the debt bubble back up"

George Osbourne, 2010 Budget. Shit you not.

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guess what happens next? Yep, we will follow! Game over.

and from that data it looks as if they're at least 6 months behind the curve already.

Carney looks even more miles out of touch as if that wasn't clear enough already

Edited by billybong

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Andrew Neil launched a blistering attack on Mark Carney at the end of This Week, last night.

Here's a deep link to the section - make sure you watch right to the very end with the football chanting...

http://www.bbc.co.uk/iplayer/episode/b06np79g/this-week-05112015#playt=0h42m44s

NB: To add Deep Links to iplayer links, put the time on the end of the URL, eg #playt=0h42m44s . This is a much friendlier way of sharing iPlayer links.

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Andrew Neil launched a blistering attack on Mark Carney at the end of This Week, last night.

Here's a deep link to the section - make sure you watch right to the very end with the football chanting...

http://www.bbc.co.uk/iplayer/episode/b06np79g/this-week-05112015#playt=0h42m44s

NB: To add Deep Links to iplayer links, put the time on the end of the URL, eg #playt=0h42m44s . This is a much friendlier way of sharing iPlayer links.

that is comedy Gold, but so true.

it's embarrasing.

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