Sunday, September 8, 2013

Rates aren’t rising.

Markets blow Carney a raspberry as we enter an age of repression

"Anyone who did act on his forward guidance would have lost a bundle of money" because enough people think he is not going to raise rates, and if he is not going to do that, then gilts yields are going to have to rise to compensate people for holding sterling. Article lays out some of the issues and concludes that financial repression will continue, in the form not just of the low base rate but also through the regulatory framework. Saving won't be worth it at 3%. My own quote on Mervyn "Anyone who did act on his inflation targeting remit would have lost a bundle of money". They are both bundle of money losers!

Posted by stillthinking @ 05:13 AM (3724 views)
Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>