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I Told You So

Boe Rate Rise

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Rate rise = massive homelessness

Rate rise = banks stuck with a loan of property that they can't sell to recover their loans, banks go under.

For the BoE rate rises have become a bit of problem, even more so because their whole inflation policy revolves around interest rates. The reckless lending of banks over past couple of years has succeeded in completely undermining interest rate policy.

Mystic Mervs flexible tool of interest rates is now looking somewhat considerably inflexible and completely useless.

The BoE is now in an impossible position, if it had been a truly independent bank it would have brought the banks to heal over there recklessness several years but that would have affected the NuLabour unsustainable economic project and would have killed the growth built around debt.

Interest rates aren't the only way to tackle inflation.

Recycling would help

Building a more storage for gas would help

Moving away from oil dependency would help

Stabilising Nigeria would help

Not talking about attacking Iran would help

However the economists only have one tune and that is interest rates work.

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The Interest Rates Up Club (TIRUC)

First rule of TIRUC: don't talk about TIRUC.

First rule of interest rate hiking: don't give advance warning.

Second (stupid) rule: try to postpone as long as possible, placate by saying 'probably won't have to, if we all...' [insert nonsense]

Once GB etc become utterly convinced they've lost the next election anyway, I would think there's yet another obstacle to IRs being hiked removed.

There's no magical remedies now, just because it's 2008, the rules of economics are the rules. If mankind could've changed them and had low IRs and healthy economies, it'd been done before now!

Each generation of economists acts like they've invented low IR bias, just like each generation acts like it invented bedroom athletics.

Edited by The Last Bear

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Guest Winnie

This is all pre-planned. It was part of the Mervyn re-election deal. (And allowing Charlie Bean and Spencer whatsisname)

Slash rates after summer recess. Pound crashes. Remove stamp duty for FTBs. Housing market has bull trap. Finally, normal decent people start hallucinating at the Stalinism and propaganda....

Most of the members of this site take a deep breath and emigrate........................................ (you know you want to...!;)

BTW - HALIFAX ARE LOWERING MORTGAGE RATES BECAUSE THEY ARE DESPERATE TO REBOOT THE HOUSING MARKET OR THEY ARE UTTERLY AND TOTALLY BANKRUPT BY OCTOBERISH................... CAROLINE FLINT RIDING SHOTGUN :huh:

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BTW - HALIFAX ARE LOWERING MORTGAGE RATES BECAUSE THEY ARE DESPERATE TO REBOOT THE HOUSING MARKET OR THEY ARE UTTERLY AND TOTALLY BANKRUPT BY OCTOBERISH................... CAROLINE FLINT RIDING SHOTGUN :huh:

They can slash rates because they know a rate rise is on the cards. This way it looks like the nasty bank of england is ruining it for everyone.

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They can slash rates because they know a rate rise is on the cards. This way it looks like the nasty bank of england is ruining it for everyone.

Is that because the sheeple will have forgot the banks have held rates artificially high due to the Libor cartel effect?

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  • 395 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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