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

Follow the leader....interest rate rises

Recommended Posts

First the FED.

 

Now the Canadians.

Big 5 banks increase prime rates after Bank of Canada's interest rate hike

 

http://www.cbc.ca/news/business/prime-interest-rate-increases-1.4201403

 

http://www.abc.net.au/news/2017-07-13/bank-of-canada-raises-rates-but-fed-yellen-hints-at-gradual/8704670

 

"Will Australia need to match overseas rate hikes?"

Oz next ?

Then  the UK i;d wager.

All this house price chatter in the media is not a coincidence.

 

Share this post


Link to post
Share on other sites
1 minute ago, JustAnotherProle said:

The temperature of the water is slowly being increased but will the frogs notice before it's too late? :lol:

I'm sure the French are in on it too .

The western governments have colluded on the way down and you can bet your bottom Canadian dollar on the way up too.

I wonder when people are going to twig and panic.

 

 

 

Share this post


Link to post
Share on other sites
4 minutes ago, Mine the wheatfield said:

It would make sense to have BoE as a "Tracker" -  we all know they will follow the Fed.

Plenty people in denial about this.

They should raised 0.25 months ago when it became apparent they were f**king robbing us all blind

Share this post


Link to post
Share on other sites
28 minutes ago, wotsthat said:

 

They have to make sure their friends and friends friends have left the exit the market first, then it's well on the way for being too late for rest.

You have clearly not been keeping up

 

http://www.dailymail.co.uk/news/article-2616510/Duke-Westminsters-property-company-sells-240million-luxury-homes-fears-London-bubble-burst.html

Share this post


Link to post
Share on other sites
7 minutes ago, Society of fools said:

I agree. 

Based on what, wishful thinking ?


The Torys are back in charge of the Tory party

 

https://www.theguardian.com/politics/2016/oct/18/william-hague-attacks-bank-of-england-over-ultra-low-interest-rates

 

 

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites
2 hours ago, crouch said:

I would say that there is a significant probability that the next rate movement will be down - to 0.1%.

Sort of agree with you there, though I hope not as I've just fixed. 

Ideal would be rising for a couple of years before falling again just before I remortgage so I can have two years of cheap cycling holibobs in the Alps and Spain while enjoying my virtually free money mortgage. 

Share this post


Link to post
Share on other sites
12 hours ago, TheCountOfNowhere said:

Based on what, wishful thinking ?

Ha ! That's a good one.

Its Carney's track record that gives me pause. He could have raised on multiple occasions in the past few years, especially pre the Brexit vote.

Now the UK economic situation is poorer, slowing growth, current account woes, house prices stagnant etc etc. 

For him to raise now would be a repudiation of everything he's ever said on when the timing is right for a BOE rate rise.

I realize that his credibility is utterly shredded with most people on this site and with a lot of Tory MPs as well, but he still carries a certain gravitas in come circles. He won't want to lose that by looking like a complete tool. 

 

 

Share this post


Link to post
Share on other sites

i think he will either raise around Christmas or very early next year by 0.25%.

As everyone else raises his hand will be forced (more raises to follow). They propped up and even stoked a fresh bubble, left it until things are about to crash then forced to raise rates.

Still all about boom and bust, should be a nice bust this time around, sounds like the falls in London are slowly spreading. 

Share this post


Link to post
Share on other sites

Seems Carnage et al are getting frustrated that banks aren't lending with the "responsible spirit" they're after so I think the only way will be to raise, essentially banks are being forced to lend and lend recklessly due to rates being on the floor.

I don't think this time is different, Brexit or not, the shift in BOE sentiment for reigning in QE in just the past few months has been very revealing indeed.

Personal defaults moved up sizeably in the first quarter, this shouldn't be happening as unemployment keeps hitting record lows, and IRs at a historical low allowing you to shift debt around for free, if anything the banks pay you in cash back and rewards.

We've reached peak affordability and debt saturation, much of which has been to maintain our lifestyles as they were prior to the last crash, when the fundamentals where much stronger.

Edited by Barnsey

Share this post


Link to post
Share on other sites
15 hours ago, Mine the wheatfield said:

What?  Whiskey and revolver?  Bit late now he has assisted in shagging the UK economy.

lol, maybe he's hoping to be back in Canada before the economy goes to hell in a handcart.

Then he can say the good old "Not on my watch".

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.

  • Next General Election   90 members have voted

    1. 1. When do you predict the next general election will be held?


      • 2019
      • 2020
      • 2021
      • 2022

    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.