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Paddles

Boe Hold

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Rates could be cut to zero and it would make no difference to the coming debt implosion.

As Ben has discovered. -1% wouldn't even help is no one is lending.

IMO Merv will sit and wait for the credit storm plus recession to hit before doing anything. I think he knows it isn't going to go away.

The markets are in an anologous position to Britain in September 1939. All hell is about to break lose but we don't actually see anything quite yet. The VI propaganda machinery is churning away and Spring is in the air. Gordon is telling us he has presided over 10 years of unbroken growth and his poodle U-turn Ali is busy doing ongoing financial reviews. All quiet on the western front.

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All hell is about to break lose but we don't actually see anything quite yet.

This is true. There are some on this forum who do see it clearly and there will be more elsewhere in the near future.

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Interesting how nobody even bothered to start a thread in advance of this decision.

We know our day has come, who cares what the BoE does now?

I started a very half-hearted poll but it got killed. Best thing for it I reckon. B)

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I started a very half-hearted poll but it got killed. Best thing for it I reckon. B)

No -- Let's keep the whole SCAM going - come on!!!! Let's all go out and take out lots of LIAR LOANS!!!!

:lol::lol::P [sorry - I've cracked....]

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one important issue is that there appears to be no motivation to do the ZIRP thing. A de-coupling from the US 'policy think' should be applauded as should Merv? :blink:

the British banks haven't actually admitted that there is much of a British problem yet, the main focus is still on "American Sup-Prime."

once all of the failures and defaults really get acknowledged here, you will see %0 rates faster than you can say, "house prices only ever go up!"

Edited by Mr Nice

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the British banks haven't actually admitted that there is much of a British problem yet, the main focus is still on "American Sup-Prime."

once all of the failures and defaults really get acknowledged here, you will see %0 rates faster than you can say, "house prices only ever go up!"

Hopefully it will mean a change in politics from a HPI fuelled growth to genuine productivity and value adding enterprises.

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  • 293 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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