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iamnumerate

Martin Lewis says interests will rise

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Not wonderful news for me, but good for the economy so I am pleased.

Martin says

Quote

The source of the prediction is unimpeachable - Bank of England governor Mark Carney himself, who said: "In the relatively near-term we can expect interest rates would increase somewhat... and increases, when and if they come, will be to a limited extent."

Yet nowt's certain. Its committee must vote and things can change rapidly. However, yesterday's inflation rise to 3%, well above the bank's 2% target, makes it more likely. Increasing interest rates discourages spending, and encourages saving, cooling the economy, which helps squash inflation.

 

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53 minutes ago, iamnumerate said:

Not wonderful news for me, but good for the economy so I am pleased.

Martin says

 

Hahahahahahaha pass me the next cracker for a joke inside.

 

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They always find some reason to push you towards the cash generating subsidised links on MSE.i dont believe there has been a month in the past two years when energy prices havent been 'the perfect time to fix', or mortgages, or insurance...etc

MSE is happy to drop its users in it when it recommends offers that get withdrawn, recommends currency websites that go bust etc etc The MSE email now seems to be an nothing more than an advert for the Next sale, the TU clothing sale, the Vax factory clearance and so on. The greatest complacency on MSE is their constant recommendation of cashback sites like quidco without taking them to task for failing to payout cashback.

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3 hours ago, iamnumerate said:

Not wonderful news for me, but good for the economy so I am pleased.

Martin says

 

Good for the economy? Like cutting off a gangrene leg is good for the body?

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Torygraph business feed on Monday during Carney's ramblings cited two other MPC members who have said they wont be voting for a rise in November. Assuming Carney isn't either, that's three of the nine votes accounted for and means five of the other six members would need to back a hike. On that basis, I just can't see a rise happening in a couple of weeks.

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He bloody better not - I'll have to give my son £20.*

 

* £10 if it's raised during any of the next three meetings, and £10 extra if it's the next one

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9 minutes ago, iamnumerate said:

Do you think the current interest rate is optimum?

No. Nor is an gangrene leg. 

The point is: the economy is in trouble either way.  We have difficult times ahead.

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That guy is just another establishment shill, that site is all about saving precious pennies on your fecking shopping, or getting one over on the banks by switching credit cards every few months. Big f*cking deal. Or some way of getting cheap shopping credit cards, great. lets take on some DEBT because its cheaper DEBT than other DEBT. Clown.

 

Yet when it comes to the biggest potential source of money saving ie the lifetime-of-slavery size savings through the obscene price of houses, old friendly lewie has the house price discussion hidden away in the forums behind some sort of members only area as it is "too emotive" or some sh*t. 

 

that the #vileBBC fawn over this chump should tell you all you need to know, would anyone be surprised if he was balls deep into BTL?

 

His tombstone will read "voice of the people, saved 53p on weekly food shop" 

Edited by thewig

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Meh he advised everyone to get Icelandic savings accounts, creamed off £150 commission each time and then suggested the tax payers should bail them out.

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2 hours ago, guest_northshore said:

Martin Lewis pushed student loans & assured kids that Government wouldn't retrospectively hike costs.

I think he means well, but should stick to savings rates & coupons.

Maybe he wants a better rate on his savings?

2012:

Quote

 

High-profile personal finance commentator and campaigner Martin Lewis has sold his MoneySavingExpert.com website for up to £87m.

Under the terms of the deal, Mr Lewis, who started his website in 2003, will receive an initial £35m plus shares in MoneySupermarket.com worth £25m.
After three years he may receive a further £27m in cash and shares

http://www.bbc.co.uk/news/business-18295587

 

 

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23 minutes ago, Democorruptcy said:

Maybe he wants a better rate on his savings?

2012:

No doubt.

Not quite on topic, but my basic theory is that everyone of power + means is fundamentally naive, dishonest or corrupt. Else we'd see regular retribution and assassinations.

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5 hours ago, msi said:

He couldn't raise anything even with a copy of Razzle and viagra

Possibly.. but if Mr.Market commands - can he refuse? Gilt yields been going up, a decent move also today suggesting the MPC may have little choice.

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7 hours ago, guest_northshore said:

Martin Lewis pushed student loans & assured kids that Government wouldn't retrospectively hike costs.

I think he means well, but should stick to savings rates & coupons.

Was reading in Tim Shipman's All out war that according to focus groups the three most trusted voices on the economy are Martin Lewis, Mark Carney and Richard Branson. :blink:

Make of that what you will.

Edited by Beary McBearface

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6 hours ago, lombardo said:

Good for the economy? Like cutting off a gangrene leg is good for the body?

A not unreasonable analogy.  If you don't cut off the leg then the gangrene will eventually kill the whole body.

There's no gain without pain!\/

Edited by anonguest

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3 hours ago, Beary McBearface said:

Was reading in Tim Shipman's All out war that according to focus groups the three most trusted voices on the economy are Martin Lewis, Mark Carney and Richard Branson. :blink:

Make of that what you will.

 

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3 hours ago, Beary McBearface said:

Was reading in Tim Shipman's All out war that according to focus groups the three most trusted voices on the economy are Martin Lewis, Mark Carney and Richard Branson. :blink:

Make of that what you will.

Yeah let's have a whip-round for the poor tax exile parasites: https://www.virgin.com/richard-branson/recovering-hurricane-irma

Virgin Care have a £250m-£800m contract to run Essex outsourced children's services (pre-birth, nursing, paediatrics, therapists, children's centres etc), amog many others. Part of an organisation that won't even do a decent job in the rent-seeking provision of monopoly train services.

I'm not a fellow traveller in a society that respects these people.

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