Roman Roady Posted September 21, 2022 Share Posted September 21, 2022 3 minutes ago, henry the king said: 0.75 would obliterate the housing market. That is basically a fact. Just the sentiment impact of it would destroy it. Not another "parameter of figure X = Game Over" prediction. We had this with Italian bonds at 4.0! Quote Link to comment Share on other sites More sharing options...
Mandalorian Posted September 21, 2022 Share Posted September 21, 2022 10 minutes ago, tep1 said: BoE are well behind the curve now. They need to raise aggressively! Otherwise, game over UK 'Aggressively' to those BoEzos means 0.125 increments. When pushed. If they have to. Quote Link to comment Share on other sites More sharing options...
TerryBoi Posted September 21, 2022 Share Posted September 21, 2022 2 minutes ago, Mandalorian said: "collapses" $1.1316 as I type. Started $1.1380 "collapses" Dramatic, much? I wouldn't look at each moment in time too much. Currencies are highly volatile. But look for successive lower-low's. You just printed a new one this afternoon. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 21, 2022 Share Posted September 21, 2022 17 minutes ago, Flat Bear said: I still believe they will raise by 0.75%. They have no choice now. 1% would be less insane. 2% is required, so maybe 1% this month, 0.75% next Quote Link to comment Share on other sites More sharing options...
Flat Bear Posted September 21, 2022 Share Posted September 21, 2022 3 minutes ago, TerryBoi said: For those on this thread like Flat Bear who think Powell is more competent than Bailey: Dec 2021: majority expect Fed Funds between 0.75% and 1.00% by Dec 2022 Sep 2022: majority expect Fed Funds between 4.50% and 5.0% by Dec of 2023 Powell is an economic genius compared to Bailey. You just don't seem to understand Bailey is the King of Waffle. What does he actually say below? Quote Link to comment Share on other sites More sharing options...
TheResponsibleHouseBuyer Posted September 21, 2022 Share Posted September 21, 2022 I think bailey cant give his excuses. The Truss tax breaks look like they may be inflationary. He will need to crank up rates 0.75% and above or see the £ collapse. Quote Link to comment Share on other sites More sharing options...
Quicken Posted September 21, 2022 Share Posted September 21, 2022 This is the new 'Whatever it takes' era, but this time with inflation. Interesting times. Quote Link to comment Share on other sites More sharing options...
TerryBoi Posted September 21, 2022 Share Posted September 21, 2022 1 minute ago, TheResponsibleHouseBuyer said: I think bailey cant give his excuses. The Truss tax breaks look like they may be inflationary. He will need to crank up rates 0.75% and above or see the £ collapse. Yes. Potentially one of the most important roles of the CB ensuring equilibrium and stability. The more freaky Truss gets, the more restrictive Bailey's gonna need to be. Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted September 21, 2022 Share Posted September 21, 2022 13 minutes ago, henry the king said: I will go on record now as saying they go 0.5%. I am even going to bet on it. You want to make a prediction? It's 0.75 now. There's zero room for manoeuvre. Quote Link to comment Share on other sites More sharing options...
scottbeard Posted September 21, 2022 Share Posted September 21, 2022 43 minutes ago, henry the king said: I will go on record now as saying they go 0.5%. I am even going to bet on it. You want to make a prediction? You will lose your money. I predict 0.75% as I did in flat bears poll weeks ago Quote Link to comment Share on other sites More sharing options...
A.steve Posted September 21, 2022 Share Posted September 21, 2022 (edited) 17 minutes ago, TheCountOfNowhere said: They have no choice now. 1% would be less insane. 2% is required, so maybe 1% this month, 0.75% next Maybe. All the sensible indicators suggest a substantial rise... so it seems too obvious. With the idea that such a big upward move would be required to have the required impact... I now wonder if they'll bluff by reducing rates and announcing a big fiscal stimulus. Edited September 21, 2022 by A.steve Quote Link to comment Share on other sites More sharing options...
winkie Posted September 21, 2022 Share Posted September 21, 2022 He wasn't very good as the CEO of the FCA either. Quote Link to comment Share on other sites More sharing options...
henry the king Posted September 21, 2022 Share Posted September 21, 2022 11 minutes ago, 2buyornot2buy said: It's 0.75 now. There's zero room for manoeuvre. Never underestimate Bailey's ability to not raise rates by as much as he should. Betting on 0.5 tomorrow. I will win big on that. Even though I would rather 0.75 regardless. Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 21, 2022 Share Posted September 21, 2022 55 minutes ago, henry the king said: I will go on record now as saying they go 0.5%. I am even going to bet on it. You want to make a prediction? 1% BoE need shock n awe. 0.5 it 0.75 wont do it. Quote Link to comment Share on other sites More sharing options...
Dreamcasting Posted September 21, 2022 Share Posted September 21, 2022 I think Henry struggles to come to terms with the fact that the world central banks all work together in sync. They already decided what the rates would be during their last syndicate meeting. The Bank of England's current remit is not to save the housing market. It's to work in harmony with the other banks to support the world financial system. If any of the western currencies were to fail, there'd be ramifications the world over. Quote Link to comment Share on other sites More sharing options...
PropertyMania Posted September 21, 2022 Share Posted September 21, 2022 Powell just explicitly said house prices have to fall. Cue Bailey.. (yeah, right) Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 21, 2022 Share Posted September 21, 2022 46 minutes ago, Flat Bear said: I still believe they will raise by 0.75%. My original prediction was only a 0.5% raise but I changed my mind 10 days ago as I could see severe pressure on the pound which has already started to materialize. A 0.5% raise is likely to put real pressure on the pound over the next 6 weeks and could be the start of a major currency collapse. The BOE have to be very careful and Bailey and co really have no choice but a minimum 0.75% rise. IMPO. BoE @ 1.75. Fed 3.00-3.25. A 0.5 wont do; too far behind Fed, which has been taking much bigger steps. 1% Quote Link to comment Share on other sites More sharing options...
Flat Bear Posted September 21, 2022 Share Posted September 21, 2022 3 minutes ago, spyguy said: BoE @ 1.75. Fed 3.00-3.25. A 0.5 wont do; too far behind Fed, which has been taking much bigger steps. 1% You make a compelling arguement, BUT Bailey will raise the very minimum he can. O.75% won't be enough but Bailey will "try and get away with it" Quote Link to comment Share on other sites More sharing options...
PropertyMania Posted September 21, 2022 Share Posted September 21, 2022 12 minutes ago, henry the king said: Never underestimate Bailey's ability to not raise rates by as much as he should. Betting on 0.5 tomorrow. I will win big on that. Even though I would rather 0.75 regardless. They don't have the balls to go 75. The MPC is now based on woke appointments. The latest to join -Dhingra- is an uber dove I expect 50, inline with the market Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted September 21, 2022 Share Posted September 21, 2022 5 minutes ago, spyguy said: BoE @ 1.75. Fed 3.00-3.25. A 0.5 wont do; too far behind Fed, which has been taking much bigger steps. 1% It'll be .75 or 1%. 0.5% is off the table now. The markets would flip if they go for 0.5 with no meeting in October. If they do 0.5%, they are intentionally trying to sink GBP. Quote Link to comment Share on other sites More sharing options...
TerryBoi Posted September 21, 2022 Share Posted September 21, 2022 7 minutes ago, PropertyMania said: Powell just explicitly said house prices have to fall. Cue Bailey.. (yeah, right) As much as I dislike Powell, each time he says that it is encouraging that he wants to move the country on the right path. I own my own home but would be more than happy for it to drop in value so that fellow Americans and the next generation get a shot at owning too. Quote Link to comment Share on other sites More sharing options...
Flat Bear Posted September 21, 2022 Share Posted September 21, 2022 2 minutes ago, PropertyMania said: They don't have the balls to go 75. The MPC is now based on woke appointments. The latest to join -Dhingra- is an uber dove I expect 50, inline with the market Henry, you have a disciple. Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted September 21, 2022 Share Posted September 21, 2022 4 minutes ago, PropertyMania said: I expect 50, inline with the market Huh? The markets are predicting 75 Quote Link to comment Share on other sites More sharing options...
Maghull Mike Posted September 21, 2022 Share Posted September 21, 2022 LIZZY wants a chat........... Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted September 21, 2022 Share Posted September 21, 2022 6 minutes ago, Maghull Mike said: LIZZY wants a chat........... That'll be the protocol bill dropped like a stone then. Quote Link to comment Share on other sites More sharing options...
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