Mr Joe Posted April 5, 2006 Share Posted April 5, 2006 Lets keep this credit binging going a bit longer. http://news.bbc.co.uk/1/hi/business/4880760.stm Mr Joe. Quote Link to comment Share on other sites More sharing options...
feltsorryfor Posted April 5, 2006 Share Posted April 5, 2006 Cut In August? whaaaaaaaat! Quote Link to comment Share on other sites More sharing options...
Warwickshire Lad Posted April 5, 2006 Share Posted April 5, 2006 (edited) With the latest official data showing a fall in UK manufacturing output, analysts expect an eventual 0.25% drop in rates, but not until the summer. Written as if the entire decision about Interest Rates is tied to manufacturing - a sector which has been shrinking for years due to factors which have got sod all to do with Interest Rates. Yet another article keeping the rate-cut flame alive. Last time I saw Interest Rate futures they agreed more with a rise than a cut. Edited April 5, 2006 by Warwickshire Lad Quote Link to comment Share on other sites More sharing options...
oracle Posted April 5, 2006 Share Posted April 5, 2006 Cut In August? whaaaaaaaat! ...oh so the rate cut that was supposed to happen in february,then may,is now postponed again.....surprise surprise!!! ...in the mean time the fed keeps hiking,as does ECB.....and our exchange rate goes pete tong!!! ...that means IMPORTED INFLATION!!!!......no rate cut.PERIOD! Quote Link to comment Share on other sites More sharing options...
teddyboy Posted April 5, 2006 Share Posted April 5, 2006 I would laff me c**k off if they rose interest rates tommorrow Have the MPC generally SHOCKED people or are they predictable? I have read that MERV basically drops MASSIVE hints before a decision if they are to change? TB Quote Link to comment Share on other sites More sharing options...
gasket37 Posted April 5, 2006 Share Posted April 5, 2006 (edited) ah you need to read who the "analyst" is... why it is our old friend "Howard Archer, economist at Global Insight." believe it or not i thought they would be quoting him before i clicked the link in post #1 Edited April 5, 2006 by gasket37 Quote Link to comment Share on other sites More sharing options...
Jason Posted April 5, 2006 Share Posted April 5, 2006 You can't really blame the public for thinking rates will go down when you read articles like that. Why doesn't the BBC relate it to inflation, and how that is increasing? The media in this country is a joke. Wasn't the BBC telling us rates would be reduced at every meeting before xmas in 2005? Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted April 5, 2006 Share Posted April 5, 2006 Ban the BBC - replace state broadcasting with community broadcasting - far healthier than the Beebs diet of thought control. Quote Link to comment Share on other sites More sharing options...
the end is a bit nigher Posted April 5, 2006 Share Posted April 5, 2006 it is truly bizarre - IR futures are showing a rate hike and 'analysts' have been moving their expectations towards a hike it really is about time we did something serious about the BBC - any ideas Quote Link to comment Share on other sites More sharing options...
Jason Posted April 5, 2006 Share Posted April 5, 2006 it is truly bizarre - IR futures are showing a rate hike and 'analysts' have been moving their expectations towards a hikeit really is about time we did something serious about the BBC - any ideas Yeah, press the red button! Quote Link to comment Share on other sites More sharing options...
Randall Herbert Posted April 5, 2006 Share Posted April 5, 2006 (edited) qqweqwe Edited April 5, 2006 by Randall Herbert Quote Link to comment Share on other sites More sharing options...
RichM Posted April 5, 2006 Share Posted April 5, 2006 I would laff me c**k off if they rose interest rates tommorrow That is one of the funniest lines I've heard on here for ages. You're a good lad ted. Quote Link to comment Share on other sites More sharing options...
New Darker Law Posted April 5, 2006 Share Posted April 5, 2006 That is one of the funniest lines I've heard on here for ages. You're a good lad ted. Indeed, it raised a smile with me too. I enjoy TB's posts, they are always energetic if that makes any sense! NDL Quote Link to comment Share on other sites More sharing options...
Neilr9 Posted April 5, 2006 Share Posted April 5, 2006 The government may yet have the last laugh. I really think that when they realise the whole country is sinking under a pile of steaming debt they will cut rates, to try to inflate themselves out of trouble. Thats bad news for anyone with cash in the bank like a lot of the bears on this site. Quote Link to comment Share on other sites More sharing options...
RichM Posted April 5, 2006 Share Posted April 5, 2006 Indeed, it raised a smile with me too. I enjoy TB's posts, they are always energetic if that makes any sense! NDL Energetic? ADHD more like. Just think how bad he'd be if they didn't put Ritalin in the Liverpool water supply... Quote Link to comment Share on other sites More sharing options...
Guest Posted April 5, 2006 Share Posted April 5, 2006 I would laff me c**k off if they rose interest rates tommorrow cook? Don't understand. Quote Link to comment Share on other sites More sharing options...
Guest Guy_Montag Posted April 5, 2006 Share Posted April 5, 2006 The government may yet have the last laugh. I really think that when they realise the whole country is sinking under a pile of steaming debt they will cut rates, to try to inflate themselves out of trouble. Thats bad news for anyone with cash in the bank like a lot of the bears on this site. I regret to say, I expect you are right. I think we will see a rate cut long before we see a rate rise, in which case, I'm f'ed. Quote Link to comment Share on other sites More sharing options...
Pablo-silver or lead? Posted April 5, 2006 Share Posted April 5, 2006 IR on hold March, April, May, June, July, Aug, Sept. IR increase .25% in Oct or Nov 06 and again .25% in March or April 07. IR at 5% within 12 months. Too little Too late, so they may have to go up to 5.5% to 6% by early 2008. not high, in fact historically low. However high enough to shake the tree hard enough to loosen the grip of the feckless, greedy and foolhardy,who took on too much debt underpined by hope alone. Pablo Silver or Lead? Quote Link to comment Share on other sites More sharing options...
Stanley Posted April 5, 2006 Share Posted April 5, 2006 (edited) The government may yet have the last laugh. I really think that when they realise the whole country is sinking under a pile of steaming debt they will cut rates, to try to inflate themselves out of trouble. Thats bad news for anyone with cash in the bank like a lot of the bears on this site. If they did trim rates and allowed inflation to run havoc surely that would lead to salary increases across the board. So then we all earned more and the debts looked smaller. In fact what would likely happen is that the price of everything would just go up and homeowners would feel even more smug and richer, and would simply extract more cash out of their property. Wages would not increase and we would be basically where we are now but worse. Having said that I didn't expect a cut last August. However since that the BofE seemed to have been rather vocal about the possibility of encouraging more debt with a cut and in doing so have got the CBI and retailers off of their backs. I can't see a cut until the Feds raising is through. Edited April 5, 2006 by Stanley Quote Link to comment Share on other sites More sharing options...
Guest Posted April 5, 2006 Share Posted April 5, 2006 The government may yet have the last laugh. I really think that when they realise the whole country is sinking under a pile of steaming debt they will cut rates, to try to inflate themselves out of trouble. Thats bad news for anyone with cash in the bank like a lot of the bears on this site. Maybe we can all kiss goodbye to our jobs in that case. I did say before that they cut rates all throughout the last recession. Then KingOfNowhere jumped in and pointed out that we aren't in recession. So it SHOULD be good news on rates from now on. B*LLOCKS!!! F***g pigs hit the window again, dammit. Quote Link to comment Share on other sites More sharing options...
New Darker Law Posted April 5, 2006 Share Posted April 5, 2006 The government may yet have the last laugh. I really think that when they realise the whole country is sinking under a pile of steaming debt they will cut rates, to try to inflate themselves out of trouble. Thats bad news for anyone with cash in the bank like a lot of the bears on this site. How exactly is that going to work if wage increases are already behind inflation? You can only inflate your way out of trouble if wages keep up. I can't see that happening. Lowering rates whilst everyone else is raising punishes everyone through higher prices of imported goods. Raising rates hurts those who have overstretched the most. Am I missing something? Could you explain how your "inflate themselves out of trouble" works? A genuine question. NDL Quote Link to comment Share on other sites More sharing options...
MarkG Posted April 5, 2006 Share Posted April 5, 2006 Thats bad news for anyone with cash in the bank like a lot of the bears on this site. Only if it's in Sterling. Anyone who transferred their cash to Mexican Pesos early last year is up over 10% thanks to the BoE muppets: think about that for a moment... the Mexican Peso is now considered a better store of wealth than the pound. The pound has been the dog of the currency world since the BoE cut rates. Has any other significant nation cut interest rates in the last year? Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted April 5, 2006 Share Posted April 5, 2006 The government may yet have the last laugh. I really think that when they realise the whole country is sinking under a pile of steaming debt they will cut rates, to try to inflate themselves out of trouble. Thats bad news for anyone with cash in the bank like a lot of the bears on this site. Then sterling tanks! Quote Link to comment Share on other sites More sharing options...
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