Saturday, Jan 24, 2015

Mark Carney opens window for rate cut + QE

Telegraph: Mark Carney warns of liquidity storm as global currency system turns upside down

Quote: The Governor vowed to bring inflation back to its 2pc target after it dropped to 0.5pc in December, and may soon go negative by some estimates. "We have a very low inflation environment right now, largely caused by commodity prices," he said.
Mr Carney said the Bank will "look through" the latest dip but do WHATEVER IT TAKES to meet its mandate over the next two years. "WE HAVE THE MEANS, AND THE WILL, and the responsibility (Moral high horse) to do it, and WE WILL DO IT. People can rely on that," he said. And for all those of you banking on rate rise and house price crash, it ain't gonna happen for a good few years yet. 1992 & 2008 only happen every 17yrs or so.

Posted by libertas @ 06:25 PM (4889 views)
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7 Comments

1. libertas said...

I guess you must get the point by now. That you serial renters will be swept out to sea with the monetary tsunami to come. I'll try to leave you guys to fight over scraps and pop back in a few months to say I told you so, when rates fall to 0.25% and mortgage rates, presently pricing in a rise to 0.75% plummet like a stone.

Saturday, January 24, 2015 06:27PM Report Comment
 

2. sibley's b'stard child said...

Don't let that door hit your ar$e on the way out.

Saturday, January 24, 2015 08:44PM Report Comment
 

3. Thecountofnowhere said...

Yes, we can rely on the rich banker to push up prices even further so the poor and hungry can suffer while His kind become richer.

Him bodies banker chums ought to be locked up for all our sake.

Saturday, January 24, 2015 09:51PM Report Comment
 

4. libertas said...

I understand sibley's b'stard child. It must be awful to be consistently wrong and not get confirmation bias from everybody in fringe LOOSER group you choose to post in.

Sunday, January 25, 2015 04:38AM Report Comment
 

5. sibley's b'stard child said...

I bought in November, idiot.

I'll enjoy not having to read any more of your drivel.

Sunday, January 25, 2015 08:40AM Report Comment
 

6. hpwatcher said...

Don't let that door hit your ar$e on the way out.

I agree.

I understand sibley's b'stard child. It must be awful to be consistently wrong and not get confirmation bias from everybody in fringe LOOSER group you choose to post in.

What a big idiot he is. 99% of the people on HPC website have now bought houses - EVERYONE is now a housing bull.

YOU are the one suffering from confirmation bias, posting the same old nonsense.

Sunday, January 25, 2015 09:44AM Report Comment
 

7. Cuddlybear said...

Hpw@5

99% eh, just need the final 1% to buy and then 'the last bear has turned bull'. Look out below!

Sunday, January 25, 2015 04:46PM Report Comment
 

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