TheCountOfNowhere Posted January 7, 2016 Share Posted January 7, 2016 http://www.theguardian.com/politics/blog/live/2016/jan/07/osborne-interest-rates-speech-cameron-eu-for-an-interest-rate-rise-politics-live It's Brown pants time for real. Quote Link to comment Share on other sites More sharing options...
billybong Posted January 7, 2016 Share Posted January 7, 2016 (edited) From the guardian link Osborne insisted he was not responsible for the Financial Conduct Authority’s decision to drop a review into the culture of banking. "That was a completely independent decision that I had no foreknowledge of, no advanced warning of. It’s got to be an independent decision for our banking regulator" Amazingly irresponsible - the damaging economic consequences of the economic collapse (caused in no small part by the banks' behaviour) is a matter of national security. On the thread topic: The pressure for a UK interest rate rise to follow the Fed seems to be building more and more by the day. Edited January 7, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted January 7, 2016 Share Posted January 7, 2016 Meanwhile pound getting hit today on the basis that interest rate rises are pretty much off the table in view of the meltdown in Brent and FTSE (currently down to $1.46)...... http://www.bbc.co.uk/news/business-35250182 Quote Link to comment Share on other sites More sharing options...
billybong Posted January 7, 2016 Share Posted January 7, 2016 From the bbc link "Expectations of an interest rate hike have been pushed back by recent mixed UK economic data, a relapse in earnings growth and the likelihood that inflation will stay lower for longer, due to oil prices falling to new lows." Interesting conclusion that rate hike expectations have been pushed back when there's plenty of headlines elswhere to suggest that a UK rate hike is now increasingly occupying both Osborne and Carney's thoughts. Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 7, 2016 Share Posted January 7, 2016 Osborne says Carney's a bit rubbish. Quote Link to comment Share on other sites More sharing options...
billybong Posted January 7, 2016 Share Posted January 7, 2016 From the guardian link So we’ve got to be ready. But ultimately, if and when interest rates go up, that will be a sign of a stronger economy that is normalising after the extraordinary crisis of seven or eight years ago. For sure they'll try to pretend it's the sign of a stronger economy - a stronger economy like they claimed before the general election. So if the economy is so strong an interest rate rise must be imminent. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 7, 2016 Author Share Posted January 7, 2016 From the bbc link Interesting conclusion that rate hike expectations have been pushed back when there's plenty of headlines elswhere to suggest that a UK rate hike is now increasingly occupying both Osborne and Carney's thoughts. Blah Blah Blah...the US have told us to raise rates. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted January 7, 2016 Share Posted January 7, 2016 Osborne says Carney's a bit rubbish. Tell us something we don't know. Quote Link to comment Share on other sites More sharing options...
Tresbon Posted January 7, 2016 Share Posted January 7, 2016 Didn't Osborne make a statement along the lines of a weak currency being the sign of a weak economy waaaay back in the late 90's/early 2000's? If so, this is kind of in line with that, being that higher interest rates generally mean a stronger currency and therefore inferring it will lead to a stronger economy. Or maybe I'm just talking pap! Quote Link to comment Share on other sites More sharing options...
winkie Posted January 7, 2016 Share Posted January 7, 2016 What cannae do? Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted January 7, 2016 Share Posted January 7, 2016 Blah Blah Blah...the US have told us to raise rates. Yeah this, or rather, if we don't raise rates we'll attract zero investment. Quote Link to comment Share on other sites More sharing options...
durhamborn Posted January 7, 2016 Share Posted January 7, 2016 Yeah this, or rather, if we don't raise rates we'll attract zero investment. Yep i think thats right.I expect they would like to hold the $1.50-$1.55 level.With our huge twin deficits they need to suck in money.Another big hit coming for leveraged BTL Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 7, 2016 Author Share Posted January 7, 2016 Yep i think thats right.I expect they would like to hold the $1.50-$1.55 level.With our huge twin deficits they need to suck in money.Another big hit coming for leveraged BTL Where's that tiny violin photo. It's all going wrong for the property investors....but there's a new series of Location x 3 starting tonight it seems, Phil, who has profited massively from the London mega bubble only to buy an over priced house in the shires...will save the market. Quote Link to comment Share on other sites More sharing options...
thewig Posted January 7, 2016 Share Posted January 7, 2016 Where's that tiny violin photo. It's all going wrong for the property investors....but there's a new series of Location x 3 starting tonight it seems, Bankruptcy Phil (aka Phil the bankrupt), who has profited massively from the London mega bubble only to buy an over priced house in the shires...will save the market. Quote Link to comment Share on other sites More sharing options...
durhamborn Posted January 7, 2016 Share Posted January 7, 2016 Where's that tiny violin photo. It's all going wrong for the property investors....but there's a new series of Location x 3 starting tonight it seems, Phil, who has profited massively from the London mega bubble only to buy an over priced house in the shires...will save the market. It sure is.That £/$ rate matters.We import so much no government can afford to see it tank too low or quick.We have deflation now in spades but that would quickly turn if the £/$ hit $1.40.Plus the need to suck in investment is huge. BTLers might be about to find out they arent a priority when a currency starts tanking. Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 7, 2016 Share Posted January 7, 2016 It sure is.That £/$ rate matters.We import so much no government can afford to see it tank too low or quick.We have deflation now in spades but that would quickly turn if the £/$ hit $1.40.Plus the need to suck in investment is huge. BTLers might be about to find out they arent a priority when a currency starts tanking. And Carney might find he isn't either. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted January 7, 2016 Share Posted January 7, 2016 (edited) Pound dropping Osborne says prepare for rate rise shocker ...look we are doing well we can afford to raise IR nothing to see here feck off and pick on someone else Edited January 7, 2016 by long time lurking Quote Link to comment Share on other sites More sharing options...
stormymonday_2011 Posted January 7, 2016 Share Posted January 7, 2016 Blah Blah Blah...the US have told us to raise rates. As if we ever have a choice Quote Link to comment Share on other sites More sharing options...
Patfig Posted January 7, 2016 Share Posted January 7, 2016 I've been hanging on to this popcorn for so long................................................... Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 7, 2016 Author Share Posted January 7, 2016 It sure is.That £/$ rate matters.We import so much no government can afford to see it tank too low or quick.We have deflation now in spades but that would quickly turn if the £/$ hit $1.40.Plus the need to suck in investment is huge. BTLers might be about to find out they arent a priority when a currency starts tanking. Deflation, how so? House prices are shooting up. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 7, 2016 Author Share Posted January 7, 2016 I've been hanging on to this popcorn for so long................................................... I got the extra large, plenty left. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted January 7, 2016 Share Posted January 7, 2016 (edited) Yep i think thats right.I expect they would like to hold the $1.50-$1.55 level.With our huge twin deficits they need to suck in money.Another big hit coming for leveraged BTL So having cut IR's for all the wrong reasons they're going to raise them for all the wrong reasons. Edited January 7, 2016 by Sancho Panza Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 7, 2016 Share Posted January 7, 2016 I'll tell George that I'm more than ready and prepared for an IR rise... Quote Link to comment Share on other sites More sharing options...
olliegog Posted January 7, 2016 Share Posted January 7, 2016 just go for it - raise them by half a percent and I doubt the skies will fall in it's all a bit 'chicken little' to suggest that a small rise will lead to armageddon. Quote Link to comment Share on other sites More sharing options...
adamLancs Posted January 7, 2016 Share Posted January 7, 2016 The pound has been sinking faster with each month lately, like something is pulling it down with increasing force. Forget what US is doing, if the pound sinks interest rates here WILL go up, and not just by 0.25% either. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.