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Sunday Times - Money Section

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Milan Khatri, chief economist at the Royal Institution of Chartered Surveyors, said: “We expect the Bank of England to follow other world central banks and raise interest rates later this summer or autumn

This may be something that is recognised by the world's other central banks and most economists but it is possible Gordon Brown is in a different reality where HPI and MEW based on cheap credit continues forever. He may actually believ in himself as a true Miracle worker when it comes to economics--too many years in power tends to make leaders delusional.

I tend to agree with Merrill Lynch:

He said: “The consumer continues to face headwinds from rising unemployment, stretched housing valuations and energy costs. Our expectation is that the Bank will want to see a firm rebound in consumer spending before contemplating any increase in interest rates


Gordon will opt for crashing the pound before he puts HPI-MEW in any form of risk of a sharp correction. Keeping IR lower than the rest of the world in real terms will buy him time to get into No. 10 and then the next fool can repair the damage done in the "Miracle Years" by hiking in line with other nations.

There is, however, also the possibility that Merv will stage a coup d' etat and get the BoE Muppets to vote for a hike contrary to Gordon's will.

Edited by Realistbear

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Watch out TTRTR, there's a thief about!


It's Gordon Brown running off with everybodies pension...

He's turning out to be a bit like Robert Maxwell.


Joke for those of you we haven't heard it.

Q: Why is Robery Maxwell like Freddie Mercury?

A: They were both done over by dodgy sea men?

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  • 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%

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