Si1 Posted May 26, 2022 Share Posted May 26, 2022 1 minute ago, TheCountOfNowhere said: Needed Term Funding and 0.85% mortgage rates for the "boom". You think that's happening again ? No I don't..neither do I think the govt should man the pumps again. I don't think they will because they can't. Kinda playing devil's advocate.... Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 26, 2022 Share Posted May 26, 2022 33 minutes ago, Si1 said: No I don't..neither do I think the govt should man the pumps again. I don't think they will because they can't. Kinda playing devil's advocate.... If the US raise IRs 5 % it's going to be carnage. Quote Link to comment Share on other sites More sharing options...
dugsbody Posted May 26, 2022 Share Posted May 26, 2022 3 hours ago, Si1 said: It was redundant and self defeating then and that's probably why they'd do it again. Does everyone agree it was a pointless negative sum waste of time and money? Not for me. When I moved during the larger stamp duty holiday, I didn't have to pay a big chunk of money to the government that I'd never see again. Quote Link to comment Share on other sites More sharing options...
sammersmith Posted May 26, 2022 Share Posted May 26, 2022 2 hours ago, TheCountOfNowhere said: You think that's happening again ? I don't, but i do think there's still a momentum in sentiment from the stamp duty holiday. It might take a while for this belief to die. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 27, 2022 Share Posted May 27, 2022 22 hours ago, dugsbody said: Not for me. When I moved during the larger stamp duty holiday, I didn't have to pay a big chunk of money to the government that I'd never see again. Then inflation hit. Quote Link to comment Share on other sites More sharing options...
dugsbody Posted May 27, 2022 Share Posted May 27, 2022 17 minutes ago, TheCountOfNowhere said: Then inflation hit. Inflation is hitting everyone, I'm not sure how that is relevant to me not paying a lot of money to the government. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 27, 2022 Share Posted May 27, 2022 1 hour ago, dugsbody said: Inflation is hitting everyone, I'm not sure how that is relevant to me not paying a lot of money to the government. They're clawing it back Quote Link to comment Share on other sites More sharing options...
fellow Posted May 27, 2022 Share Posted May 27, 2022 (edited) The way Rishi throws money around, it wouldn't surprise me if he removed stamp duty, restarted the help to buy scheme and offered 50% mortgage rate relief. . . . .then offered more helicopter cash to "help" with the resulting inflation. He is the weakest chancellor in history who gives in to every sob story from the media, introducing scheme after scheme to paper over the unintended consequences of the previous scheme until the country ends up bankrupt. Edited May 27, 2022 by fellow Quote Link to comment Share on other sites More sharing options...
Si1 Posted May 27, 2022 Share Posted May 27, 2022 8 hours ago, fellow said: The way Rishi throws money around, it wouldn't surprise me if he removed stamp duty, restarted the help to buy scheme and offered 50% mortgage rate relief. . . . .then offered more helicopter cash to "help" with the resulting inflation. He is the weakest chancellor in history who gives in to every sob story from the media, introducing scheme after scheme to paper over the unintended consequences of the previous scheme until the country ends up bankrupt. Quote Link to comment Share on other sites More sharing options...
Gurgle Posted May 27, 2022 Share Posted May 27, 2022 11 minutes ago, Si1 said: Was that a “hold my beer” moment? Quote Link to comment Share on other sites More sharing options...
Si1 Posted May 27, 2022 Share Posted May 27, 2022 35 minutes ago, Gurgle said: Was that a “hold my beer” moment? I'd say Quote Link to comment Share on other sites More sharing options...
petetong Posted May 27, 2022 Author Share Posted May 27, 2022 On 26/05/2022 at 11:21, TheCountOfNowhere said: If the US raise IRs 5 % it's going to be carnage. A lot of analysts think 2% to 2.5% is the likely highest the FED will go. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 29, 2022 Share Posted May 29, 2022 On 27/05/2022 at 22:23, petetong said: A lot of analysts think 2% to 2.5% is the likely highest the FED will go. What if inflation is 30% ? Quote Link to comment Share on other sites More sharing options...
petetong Posted May 30, 2022 Author Share Posted May 30, 2022 17 hours ago, TheCountOfNowhere said: What if inflation is 30% ? I agree but do you see them acting aggressively with interest rate rises at the moment ? BoE is now just an extension of Sunak's desired policy. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 5, 2022 Share Posted June 5, 2022 On 30/05/2022 at 12:47, petetong said: I agree but do you see them acting aggressively with interest rate rises at the moment ? BoE is now just an extension of Sunak's desired policy. They'll do what the U.S. do, that is all. Quote Link to comment Share on other sites More sharing options...
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