Eurozone Numbers Point To Higher Interest Rates

[Flash]

http://quote.bloomberg.com/apps/news?pid=1...efer=news_index

Watch out Ireland.

Anecdotal: I have been "advising" a work colleague on interest rates over recent months. She has a big mortgage (she bought a house last year) and is really worried about rate rises - so much so that she is looking around for a better paid job.

I told her some time ago that she should consider fixing her mortgage rate. She finally got around to checking this out the other day and guess what? She cannot afford the repayments on the fixed rates the bank is offering now.

I wonder how many more are in this position.

[OzzMosiz]

She should then sell before its too late!!

[Realistbear]

http://quote.bloomberg.com/apps/news?pid=1...efer=news_index

Watch out Ireland.

Anecdotal: I have been "advising" a work colleague on interest rates over recent months. She has a big mortgage (she bought a house last year) and is really worried about rate rises - so much so that she is looking around for a better paid job.

I told her some time ago that she should consider fixing her mortgage rate. She finally got around to checking this out the other day and guess what? She cannot afford the repayments on the fixed rates the bank is offering now.

I wonder how many more are in this position.

Confidence is up in the US also with GDP soaring which suggests to me that Bernanke's pause may only last a month. Then its onward and upward barring a war in Iran.

Looks like inflation overshot in the EU by a wide margin:

http://www.iii.co.uk/news/?type=afxnews&ar...&action=article

Consumer price inflation rose

2.4%

year-over-year in April from 2.2%, faster than forecast and above the ECB's goal of CPI near to 2%.

Edited April 28, 2006 by Realistbear