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

Where Are Rates Going Short To Medium Term (0-12 Months)?

Recommended Posts

Down. GB will be reluctant to contemplate a rise until he gets his hands on the keys of No.10. Possible on rise on the day he takes power though, like the 97 election.

I am going to have a tenner with Ladbrokes that Gordon does not make it to No. 10.

Share this post


Link to post
Share on other sites

I am going to have a tenner with Ladbrokes that Gordon does not make it to No. 10.

If not GB, then who? All of the other possible have greater odds than 10-1! Don't get me wrong, there's nothing I'd like better than an economic catastrophe of such proportions that GB has to resign and is led away tranquilised and weeping but I just can't see it.

Share this post


Link to post
Share on other sites

If not GB, then who? All of the other possible have greater odds than 10-1! Don't get me wrong, there's nothing I'd like better than an economic catastrophe of such proportions that GB has to resign and is led away tranquilised and weeping but I just can't see it.

HPC in 2006 and Gordon is out. His entire "economic miracle" has been built on the back of HPI and loose credit allowing MEW and the appearance of wealth. When the sheeple see the "value" of their homes fall and debt remaining GB will be out of favour.

Share this post


Link to post
Share on other sites

I'd love to say up - but nothing about this economy makes sense to me anymore. At best - flat. At worse - down then up.

I too reckon that Brown will never make it to number 10 (although an alternative candidate is not easy to see either). Like Thatcher, Blair has done a good job of making it seem inconceivable that anyone in the party could replace him (so I'd expect another surprise like Major).

Share this post


Link to post
Share on other sites

I'd love to say up - but nothing about this economy makes sense to me anymore. At best - flat. At worse - down then up.

I too reckon that Brown will never make it to number 10 (although an alternative candidate is not easy to see either). Like Thatcher, Blair has done a good job of making it seem inconceivable that anyone in the party could replace him (so I'd expect another surprise like Major).

Funny, I've got a sneaking suspicion GB won't make it to no.10. When something is so heavily trailed and expected, it actually very rarely happens. I'd be looking at someone like David Milliband.

As for IRs. Tough one. I think they're going to stay exactly the same even faced with a retail recession. Of course the BOE would love to cut them but so long as the FED keeps hiking,they can't.

One last thing. I'm convinced 2006 is the year when it hits the fan. House prices down by 7%, unemployment relentlessly up, bankruptcies and repos up and the high st. getting hammered. In fact it's happening already. For all you historians out there, I think the turning point was August 2004.

Share this post


Link to post
Share on other sites

As for IRs. Tough one. I think they're going to stay exactly the same even faced with a retail recession. Of course the BOE would love to cut them but so long as the FED keeps hiking,they can't.

Shemanator, my slip is showing here, what is the FED? My own idea is that they are so desperate to try and control sinking real estate value that the BOE will make one last cut before the sh*t hits the fan, but as I don't understand "the FED" I am missing a potential variable!

Share this post


Link to post
Share on other sites
Guest wrongmove

The FED is the US equivalent of the UK MPC (monetary policy committee).

i.e. they are responsible for setting US interest rates.

Share this post


Link to post
Share on other sites

Shemanator, my slip is showing here, what is the FED? My own idea is that they are so desperate to try and control sinking real estate value that the BOE will make one last cut before the sh*t hits the fan, but as I don't understand "the FED" I am missing a potential variable!

Sorry, FED= Federal Reserve of America.

One last cut? You may be right but the die is cast (as Caesar said) and the the first handfuls of a mountain of s*** are hitting the fan NOW.

Boy, it's been a long time coming!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

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.