spyguy Posted May 4, 2022 Share Posted May 4, 2022 49 minutes ago, msi said: CC APR don't affect mortgage rates, base rates do Quick Google - UK outstanding CC debt - 72bln. Outstanding mortgage - 1,613bln. Then theres personal loans, car finance. Quote Link to comment Share on other sites More sharing options...
henry the king Posted May 4, 2022 Author Share Posted May 4, 2022 (edited) Update: Fed ruled out bigger rises than 0.5%. Could take the pressure off the BoE. Chances of no rise tomorrow increase Edited May 4, 2022 by henry the king Quote Link to comment Share on other sites More sharing options...
Flat Bear Posted May 4, 2022 Share Posted May 4, 2022 3 minutes ago, henry the king said: Update: Fed ruled out bigger rises than 0.5%. Could take the pressure off the BoE. Chances of no rise tomorrow increase It is always possible that the BOE will raise rates by a full 1% especially if they already know that the CPI rate for April will come in closer to 9% than 8% Quote Link to comment Share on other sites More sharing options...
Social Justice League Posted May 4, 2022 Share Posted May 4, 2022 IR's at 10% is needed today, but the limp dicks won't go for that as it would bankrupt indebted fookwits, of which there are millions. Quote Link to comment Share on other sites More sharing options...
Social Justice League Posted May 4, 2022 Share Posted May 4, 2022 It amazes me how feckless debtors are now thought of as heroes, when 100 years ago the b4stards were sent to the work house. Being indebted was never 'noble' until 1970 and now it isn't 'noble' again in 2022, as it tells the world that you are poor. Quote Link to comment Share on other sites More sharing options...
Si1 Posted May 4, 2022 Share Posted May 4, 2022 David Blanchflower has an opinion: Daily Mail: Britain is ALREADY in recession and the Bank of England must CUT interest rates, says economist. https://www.dailymail.co.uk/news/article-10782021/Britain-recession-Bank-England-CUT-rates-says-economist.html Quote Link to comment Share on other sites More sharing options...
henry the king Posted May 4, 2022 Author Share Posted May 4, 2022 32 minutes ago, Flat Bear said: It is always possible that the BOE will raise rates by a full 1% especially if they already know that the CPI rate for April will come in closer to 9% than 8% They don't care about inflation imo Quote Link to comment Share on other sites More sharing options...
Odysseus Posted May 4, 2022 Share Posted May 4, 2022 52 minutes ago, henry the king said: Update: Fed ruled out bigger rises than 0.5%. Could take the pressure off the BoE. Chances of no rise tomorrow increase Que? Quote Link to comment Share on other sites More sharing options...
dugsbody Posted May 4, 2022 Share Posted May 4, 2022 My guess is 0.25% Bad timing for my mortgage renewal up in a few months. You may all laugh and point. Quote Link to comment Share on other sites More sharing options...
Huggy Posted May 4, 2022 Share Posted May 4, 2022 9 minutes ago, dugsbody said: My guess is 0.25% Bad timing for my mortgage renewal up in a few months. You may all laugh and point. You might be one of those last lucky ones who get to fix before the really big and really fast rises come in later Quote Link to comment Share on other sites More sharing options...
dugsbody Posted May 4, 2022 Share Posted May 4, 2022 11 minutes ago, Huggy said: You might be one of those last lucky ones who get to fix before the really big and really fast rises come in later I'm relatively sanguine anyway, which is why I can make fun of myself here. If I wasn't so lazy I would have locked in my next fix a few weeks back, but other stuff kept coming up. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted May 4, 2022 Share Posted May 4, 2022 2 hours ago, Flat Bear said: This is quite true but costs will continue rising until they are not As Spyguy says they are exporting inflation. Success breeds success. One billion Chinese now have First World living standards. Exporting electric vehicles is what they'll be doing next btw. Millions of them! https://www.just-auto.com/features/china-fast-becoming-leading-vehicle-exporting-nation/ China is fast becoming one of the world’s major vehicle exporting countries, with overseas shipments continuing to surge in the first two months of 2022 – by 75% to 410,000 units according to data compiled by the China Automotive Manufacturers Association (CAAM). This followed an exceptional year in 2021, when exports more than doubled to just over two million units, making China the third-largest vehicle exporting nation behind only Japan with 3.82 million units and Germany with 2.3 million units. It overtook South Korea, which exported just 1.52 million vehicles last year. Admittedly, this data does not take into account the vast overseas production capacity that underpins the global presence of leading automakers such as Toyota, Volkswagen and Hyundai-Kia, but it is indicative of the growing global ambitions of leading Chinese vehicle manufacturers. https://uk.investing.com/news/stock-market-news/tesla-to-increase-giga-shanghai-capacity-by-450000-ev-units-per-year--report-2639882 Electric vehicle giant Tesla (NASDAQ:TSLA) has picked a spot to build its new production facility in Shanghai next to its Gigafactory 3, which would make Shanghai "the world's largest vehicle export hub." The new factory will be capable of producing 450,000 units annually and is expected to start making Model 3 and Model Y vehicles once Tesla completes the first stage of the plant’s construction. The new assembly facility will be a part of Tesla’s existing Gigafactory 3 which started production in late 2019. The news come after the Post reported in February that Tesla wants to build a second production line in Shanghai to more than double its capacity in China. In its Gigafactory 3, Tesla produced 484,130 Model 3 and Model Y vehicles last year, which accounts for 51.7% of its global total of 936,000 vehicles. The company delivered 321,000 China-made Model 3 and Model Y vehicles last year, marking a 117% rise from 2020. The carmaker’s existing production line in Shanghai is capable of producing more than 1,000 in a single shift. Quote Link to comment Share on other sites More sharing options...
Quicken Posted May 4, 2022 Share Posted May 4, 2022 3 hours ago, Patfig said: Let's get ready ready let's ready ready let's get ready to tumble Watch us bring the hike, watch us bring the hike, watch us bring the hike... HIKE! Quote Link to comment Share on other sites More sharing options...
Gurgle Posted May 4, 2022 Share Posted May 4, 2022 https://www.telegraph.co.uk/business/2022/05/04/taming-runaway-inflation-may-force-bank-england-crash-economy/ Taming runaway inflation may force the Bank of England to crash the economy The Fed has shown that it can taper quantitative easing and raise rates when necessary, Bank of England has yet to pass the same test Quote Link to comment Share on other sites More sharing options...
Gurgle Posted May 4, 2022 Share Posted May 4, 2022 https://www.telegraph.co.uk/business/2022/05/04/families-turn-credit-card-spending-cope-cost-living-crisis/ Households borrow another £800m as price rises bite Credit card spending jumps ahead of expected rate increases Quote Link to comment Share on other sites More sharing options...
highcontrast Posted May 4, 2022 Share Posted May 4, 2022 55 minutes ago, Quicken said: Watch us bring the hike, watch us bring the hike, watch us bring the hike... HIKE! 😄 Quote Link to comment Share on other sites More sharing options...
Blobsy Posted May 4, 2022 Share Posted May 4, 2022 27 minutes ago, Gurgle said: https://www.telegraph.co.uk/business/2022/05/04/families-turn-credit-card-spending-cope-cost-living-crisis/ Households borrow another £800m as price rises bite Credit card spending jumps ahead of expected rate increases Squeal little piggies. Quote Link to comment Share on other sites More sharing options...
BaldED Posted May 5, 2022 Share Posted May 5, 2022 3 hours ago, Si1 said: David Blanchflower has an opinion: Daily Mail: Britain is ALREADY in recession and the Bank of England must CUT interest rates, says economist. https://www.dailymail.co.uk/news/article-10782021/Britain-recession-Bank-England-CUT-rates-says-economist.html And you had idiots like this moron actually on a committee setting monetary policies. Jesus wept. Quote Link to comment Share on other sites More sharing options...
Quicken Posted May 5, 2022 Share Posted May 5, 2022 I voted 0.5%. Follow the leader. So so sad that I'm feeling a bit excited about a rise to a piffling 1.25%. Emergency rates since 2008. I see debt zombies, everywhere. Quote Link to comment Share on other sites More sharing options...
BaldED Posted May 5, 2022 Share Posted May 5, 2022 Well well well. Today is a big day whatever they do there is a lot of pain coming. The 2020s are now starting to unravel. Quote Link to comment Share on other sites More sharing options...
Social Justice League Posted May 5, 2022 Share Posted May 5, 2022 Rates of 10% should be incoming. Quote Link to comment Share on other sites More sharing options...
Gawdon Bwown Posted May 5, 2022 Share Posted May 5, 2022 I voted 0.5% But that's more of a wish than an expectation One of three possible moods will present itself in my afternoon : 0% rise - drive home with furrowed brow, muttering 0.25% rise - drive home with neutral expression, mildly dissatisfied 0.5% rise - drive home grinning with the occasional spontaneous chortle. Admire the countryside and cheek peck the wife on arrival... Quote Link to comment Share on other sites More sharing options...
Si1 Posted May 5, 2022 Share Posted May 5, 2022 6 hours ago, BaldED said: And you had idiots like this moron actually on a committee setting monetary policies. Jesus wept. He's always come across as a wishy washy sociologist with no grasp of second order logic. But stupid people get into every part of society. Quote Link to comment Share on other sites More sharing options...
simon99 Posted May 5, 2022 Share Posted May 5, 2022 12 hours ago, henry the king said: The thing is, with 0.5% increases you are at 2% pretty soon, before the data can even change. If the Fed goes 0.5% next time too, then they are almost there. Don't be surprised if they stop at 2%. Apparently that's why the stock markets soared yesterday, as the expectations have reduced after the Feds comments. Quote Link to comment Share on other sites More sharing options...
hotblack42 Posted May 5, 2022 Share Posted May 5, 2022 7 hours ago, Gurgle said: https://www.telegraph.co.uk/business/2022/05/04/families-turn-credit-card-spending-cope-cost-living-crisis/ Households borrow another £800m as price rises bite Credit card spending jumps ahead of expected rate increases We walk amongst these retards. Be careful out there. Having said that I wonder if those "How much is your house worth now?" (front) "And now?" (back) T shirts will appear again. Poking a bear with a stick while experiencing schadenfreude. Best feeling😄 Quote Link to comment Share on other sites More sharing options...
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