Tuesday, December 4, 2007

It doesn’t matter

Market interest rate jumps to nine-year high

BoE impotent. BTLers rolling off fixed rates - finished. Merry Xmas prudent savers!!

Posted by inbreda @ 07:14 AM (598 views)
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2 thoughts on “It doesn’t matter

  • sold 2 rent 1 says:

    “The market interest rate on one-month sterling funds traded in London (Libor) jumped to a nine-year high of 6.71% from around 6.1% on Friday. The new rate is the highest since the Long Term Capital Management crisis of late 1998”

    Oil is already sharply correcting from its speculative highs
    I expect the stock markets to tumble soon.

    If they do, gold could be dragged lower and will present a great buying opportunity.

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  • I agree S2R1.

    My favourite quote: “borrowers are now having to pay nearly 100 basis points over the Bank of England’s … base rate, …. Normally … around 10 basis points above the Bank rate. ”

    That’s GOTTA hurt!!

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