Tuesday, March 8, 2011

What a Conundrum ;-)

Interest rates could rise sooner than you think

If petrol hits £2 a litre, a double-dip recession would be a foregone conclusion. So you can see why the idea of hiking rates seems risky to Mr King.

Posted by happy mondays @ 08:06 AM (1362 views)
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10 thoughts on “What a Conundrum ;-)

  • This is a double post.

    Petrol is only 135p round my neck of the woods…. No chance of £2 right now, the Saudis have invested heavily in equipment

    …that’s riot control and repression equipment, not oil production equipment, Sad but true.

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  • 1. alan

    Oil will go where they want it to, regardless. Nothing is by accident or should I say left to chance.

    Remember this alan. ‘Other’ oil fields will open, at the right price. Who benefits? The eternal question.

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  • Filled up for 126p a litre yesterday. Another 74p seems a long way from here…

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  • waitingfor hpc says:

    why 2 pound – they said 1.30 had tipped us into the last recession!

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  • the number cruncher says:

    Everything from Money week is just a veiled gold (and other dogy financial products) ramping. Its social engineering designed to extract money our of Angry White Males.

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  • taxes will push up prices a lot over the next 2 years, but i doubt oil will push up that far unless saudis riot

    i remember not so long ago 55p a litre, why can’t they advertise prices in gallons too

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  • general congreve says:

    @4 – How are the extracting money from angry white males NC? Surely you have to be selling something? Don’t know about you, but I haven’t seen a money week gold fund touted yet. Besides, Money week suggest all sorts of products, such as currency plays, commodity funds and stocks, blue chip stocks, AIM stocks, Agri funds and stocks etc. They are far from a one trick pony, gold is just one of the things they believe will do well in coming years and they have been right on the money so far, dollar highs have been smashed this week BTW.

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  • GC you think golds doing well – check out silver.

    Anyway MW obviously need readership and do seem to have a constant stream of special deals from investors in the know which I find a tad lame.

    However I quite enjoy a flick through each week and would accept 1/2 their recommendations may not win.

    But I do trust them slightly more than the average pension salesman.

    It is also quite true that with regard to Gold and Silver they have been spot on and just following that bit of advise in a small way has paid my annual subscription many times over.

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  • 7. str 2007

    As I said before the new year, silver is still historically below strenght. It’s a hold baby.

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  • In fact I’ll go a little further and say that MW will actually put specific numbers down with regard to trade entry points which is very helpful.

    For a couple of specifics :-
    Last year they noted that the gold silver ratio was out at 65:1 and the long term ratio was about 44:1 they recommend buying silver as the gap was likely to close. At the time silver was about £350kg it’s now (less than a year later) over £700kg.

    They recommended buying Vodafone at about £1.40 a year or so ago based on the fact it’s basic value was nearer £1.80 – £2.00 per share it is also now approaching this level.

    I don’t follow what they say religiously and no doubt someone has an example of them being wrong but for anyone out there fed up with no interest in the bank or trying to save up a £70 odd subscription is propably worth it IMO.

    Oh I nearly forgot their Gold bug Dominic Frisby recommend getting back into Gold as it fell to it’s 144 day moving average back in January.
    This advise was also just about perfect.

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