Jump to content
House Price Crash Forum
Guest Winnie

Torygraph Says They Will Cut Rates

Recommended Posts

Guest Winnie

Edmund Conway at it again. Damian Reece in support. I have written to them (never gets published) for the nth time saying they need to sort out their clearly very large mortgages and remember Greenspan and the Brownite low interest era which is largely the cause of this whole disaster.

In a nutshell the anglo saxon world has been offered as much debt as it can possibly eat and it has gorged, without any intervention from governments whose tax revenues from the greedy short-termist banks have kept them happy.

What a criminal circle of complicity - with primitive human nature (greed and status) as the engine which kept the whole thing going....

http://www.telegraph.co.uk/money/main.jhtm...6/cnecon116.xml

Share this post


Link to post
Share on other sites

No way will they be cutting rates with CPI now running at 3.8%. I imagine they will up the inflation forecast to nearly 5% by early next year the way things are going right now.

Share this post


Link to post
Share on other sites
Guest barebear
Edmund Conway at it again. Damian Reece in support. I have written to them (never gets published) for the nth time saying they need to sort out their clearly very large mortgages and remember Greenspan and the Brownite low interest era which is largely the cause of this whole disaster.

In a nutshell the anglo saxon world has been offered as much debt as it can possibly eat and it has gorged, without any intervention from governments whose tax revenues from the greedy short-termist banks have kept them happy.

What a criminal circle of complicity - with primitive human nature (greed and status) as the engine which kept the whole thing going....

http://www.telegraph.co.uk/money/main.jhtm...6/cnecon116.xml

Yes quite. A lot in the know made a hell of a lot of money.

There should be mass sackings now that its all gone tits up,chairmen of these big financial institutions that have fecked us all over shouldnt be allowed to walk away with millions if not billions.

Share this post


Link to post
Share on other sites

Where do they get the information from that the markets are pricing in a 40% chance of a cut?

Swap rate futures are still well over 5.5% early next year!

Share this post


Link to post
Share on other sites
No way will they be cutting rates with CPI now running at 3.8%. I imagine they will up the inflation forecast to nearly 5% by early next year the way things are going right now.

Exactly, as illustrated in this BoE CPI projection chart from just 12 months ago, the BoE wasn't even factoring in 3% CPI as an outside possibility at this moment in time. They have no idea what inflation will do so there is now way they can cut interest rates which should already be 2-3% higher than where they currently are.

irmay07cpiprediction.JPG

post-852-1216204177_thumb.jpg

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 400 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.