Jump to content
House Price Crash Forum
Sign in to follow this  
TheCountOfNowhere

Interest Rates to rise....

Recommended Posts

Carney was interviewed on BBC News yesterday. Well, that's using the word interview in tis softest, wolliest most unthreatening sense. The interviewer concluded the piece by saying that the current financial climate meant that there was now a real chance that interest rates could be cut or raised...

Share this post


Link to post
Share on other sites
16 minutes ago, Shrink Proof said:

Carney was interviewed on BBC News yesterday. Well, that's using the word interview in tis softest, wolliest most unthreatening sense. The interviewer concluded the piece by saying that the current financial climate meant that there was now a real chance that interest rates could be cut or raised...

:lol::lol::lol::lol::lol:

Share this post


Link to post
Share on other sites
32 minutes ago, Shrink Proof said:

Carney was interviewed on BBC News yesterday. Well, that's using the word interview in tis softest, wolliest most unthreatening sense. The interviewer concluded the piece by saying that the current financial climate meant that there was now a real chance that interest rates could be cut or raised...

Central bankers are God and they don"t do mere mortal interviews. Reminds me of when Jonathan Agnew was swiftly put down by Mervyn King onTMS or asking the wrong questions to do with the economy. Ok it was a cricket programme but it was clear that Agnew was a mere ant beside the mighty King and was easily crushed. And clearly Agnew needed to know the proticol..

you just don't ask CBs searching questions.

Edited by crashmonitor

Share this post


Link to post
Share on other sites
1 hour ago, SarahBell said:

The sad thing is most debtors would be in trouble at 1% increase.

I would argue that a lot of debtors would be in trouble at a 0.25% increase.

0.25 at the central rate would be what? a factor of four higher, if not more at the commercial banks?

I work in a town (Aberdeen) where like London, many eejit people on ridiculous salaries or contractor rates are into their overdrafts by the first week in each month.

Share this post


Link to post
Share on other sites
35 minutes ago, cashinmattress said:

I would argue that a lot of debtors would be in trouble at a 0.25% increase.

0.25 at the central rate would be what? a factor of four higher, if not more at the commercial banks?

I work in a town (Aberdeen) where like London, many eejit people on ridiculous salaries or contractor rates are into their overdrafts by the first week in each month.

I'd bet it won't take more than a 1% rise in IR's to bring the whole thing down again. QE is the chosen weapon because the masses don't understand it's ill-effects well enough to resist it.

Most of this talk is posturing to shore up the £. The FED did several years of it before they put rates up 0.25%.

Share this post


Link to post
Share on other sites
51 minutes ago, cashinmattress said:

I would argue that a lot of debtors would be in trouble at a 0.25% increase.

0.25 at the central rate would be what? a factor of four higher, if not more at the commercial banks?

I work in a town (Aberdeen) where like London, many eejit people on ridiculous salaries or contractor rates are into their overdrafts by the first week in each month.

Clear them out and make way for sound money from renter-savers becoming owners.

The millions carrying the weight of the bubble chasers, spendaholics and long-wave mad-gainz hpiers.

Is oil money has spent away massive salaries, with debt on top, find it out.  Including one Aberdeener with loads of BTLers and 'foreverHPI' lecturing over since 2009.

Edited by Venger

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   12 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.