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Chriso

How's Your Hpc Meter Doing?

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As a long member of this site now, I think I'd like to take a quick straw poll of how your HPC Meter is doing. By this, I mean your confidence that what we all expect to unravel is going to.

Id say at the beginning (Summer 06) I was a 4

Up to 7 at the first IR rise.

Varied between 5 and 9 during the subsequent 4 IR rises, offset by news of prices STILL rising.

Dropped to a 7 listening to CPI dropping back to target

Now at 9 after the whole US fallout, Northern Rock collapsing, Ireland, Spain etc all dropping and RPI STILL over 4%. Plus the amount actually loaned on mortgages dropping sharply. Rightmove showing a big drop helped aswell.

How's your confidence doing?

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