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Just announced on Bloomberg CPI has fallen to 1.8%

But in the grand scheme of things this is no longer relevant.

It may be a pile of shi*e but even if the BOE lower rates it is not going to make jak all difference to the current credit crunch as the rates are now detached from each other.

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Booooo!

The doomsday party is over. The car crash that was Northern Rock and Alliance and Leicester is nearly over and confidence is returning to the market. A&L shares rallied 25% on the market opening. BoE has pumped billions into the system to restore liquidity. Normal business will resume soon.

I will say that the events of the last week have been a shot across the bows for the financial sector and may have installed a bit of reality on how crazy things have gone with easy credit. I predict a calming of house prices but the predictions of a crash and 50% off were a wee bit premature (someone said 70% :rolleyes: )

Rip up your rent books boys. Home ownership is here to stay

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But in the grand scheme of things this is no longer relevant.

It may be a pile of shi*e but even if the BOE lower rates it is not going to make jak all difference to the current credit crunch as the rates are now detached from each other.

Precisely

Do you think the businesess, individuals have access to cheap money now ??? No.

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