Interest rate rise

warksfarmer · Jun 21, 2022

bobk said:
3% will fuk the housing market , every cloud ..........

Chicken and egg though because they need to stop inflation as really it’s 25% and not 5% as they say. However to high base rate sends us into recession.

My prediction is that it’s temporary and will last 24 months, then normality will resume with a new government at the same time.

ollie989898 · Jun 21, 2022

warksfarmer said:
Chicken and egg though because they need to stop inflation as really it’s 25% and not 5% as they say. However to high base rate sends us into recession.

My prediction is that it’s temporary and will last 24 months, then normality will resume with a new government at the same time.

At the end of the day the government are powerless because their normal controls- interest rates won't work. If they try to rig them too high it will all fall flat on it's face.

Tarw Coch · Jun 22, 2022

le bon paysan said:
Apparently it’s completely fine to remove the pay cap for City bankers because the City “needs all the help it can get after Brexit”. As public sector workers watch inflation wipe out pay rises… has there been a more glaring admission of how entirely f**ked Brexit Britain is?

All Brexit has done is remove the rock they’ve hid behind blaming everything on the EU.

Tarw Coch · Jun 22, 2022

warksfarmer said:
Fixed a loan early April at 3.76% total.

Today same loan 5.1%.

The bank told me they suspect ‘base rate’ will be 2.5% by December rising to 3% next year so total lending price is getting scary.

warksfarmer said:
Chicken and egg though because they need to stop inflation as really it’s 25% and not 5% as they say. However to high base rate sends us into recession.

My prediction is that it’s temporary and will last 24 months, then normality will resume with a new government at the same time.

That’s pretty much what I was recently told when looking to borrow some money, the banks expect that interest rates will continue to rise over the next 18 months/2years and will peak at 2.5/3%

Chae1 · Jun 22, 2022

Inflation up 0.1%

What planet are these people on,

DaveGrohl · Jun 22, 2022

warksfarmer said:
Chicken and egg though because they need to stop inflation as really it’s 25% and not 5% as they say. However to high base rate sends us into recession.

My prediction is that it’s temporary and will last 24 months, then normality will resume with a new government at the same time.

Ooh …… Recession ……. Scary …….
World’s gonna end …….
Got to avoid recession at all costs …….

This is exactly the thinking that has made us end up in this mess. Twas ever thus and ever will be. This cycle has been getting ever more distorted as the years go by.

Tarw Coch · Jun 22, 2022

Chae1 said:
Inflation up 0.1%

What planet are these people on,

Or what idiots do they take us for

essex man · Jun 22, 2022

CPI up 0.7% monthly figure
9.1% annual

Ashtree · Jun 22, 2022

capfits said:
Then they are way to slow, but suspect by October the rise in energy prices will cause many other parts of economy to go into reverse.
Even house prices.

Wheat down payments and free hogs: How Chinese developers are trying to sell homes

Some Chinese property developers are going to extreme lengths to attract buyers.

www.cnn.com

Ashtree · Jun 22, 2022

Tarw Coch said:
All Brexit has done is remove the rock they’ve hid behind blaming everything on the EU.

So it wasn’t the EU’s fault then…?

Devil's advocate · Jun 23, 2022

bobk said:
3% will fuk the housing market , every cloud ..........

Well the cost of building new houses, has gone up like a rocket.

I think housing will hold its value.

Building land might take a hit

Hindsight · Jun 23, 2022

warksfarmer said:
Chicken and egg though because they need to stop inflation as really it’s 25% and not 5% as they say. However to high base rate sends us into recession.

My prediction is that it’s temporary and will last 24 months, then normality will resume with a new government at the same time.

A recession will occur, starting in Autumn, fourth quarter 2022 or more likely first quarter 2023.

JockCroft · Jun 24, 2022

Hindsight said:
A recession will occur, starting in Autumn, fourth quarter 2022 or more likely first quarter 2023.

Think we are teetering on the edge of recession now.
Figures may be doctored for 3rd qtr to hide it but, all the 1977, 1985 signs are here.
Add in a few strikes, energy price/shortage effect, slight rise in unemployment which likely set of large demonstrations/riots, all it needs to set off an economic slump.

Add in a natural or political disaster. THEN?
Base rate rise to 4 or 5 % in next 12 months.

czechmate · Jun 24, 2022

JockCroft said:
Think we are teetering on the edge of recession now.
Figures may be doctored for 3rd qtr to hide it but, all the 1977, 1985 signs are here.
Add in a few strikes, energy price/shortage effect, slight rise in unemployment which likely set of large demonstrations/riots, all it needs to set off an economic slump.

Add in a natural or political disaster. THEN?
Base rate rise to 4 or 5 % in next 12 months.

hmm, you don’t think the current government are aware, have a plan and are in full control of the situation ?

7610 super q · Jun 24, 2022

Did we really recover from the 2007/8 recession ?

hoff135 · Jun 24, 2022

7610 super q said:
Did we really recover from the 2007/8 recession ?

Kicked the can down the road. Getting hard to kick it any further now

bobk · Jun 24, 2022

7610 super q said:
Did we really recover from the 2007/8 recession ?

It wasn't a recession , it was a banking crisis , all of their own making

oil barron · Jun 24, 2022

hoff135 said:
Kicked the can down the road. Getting hard to kick it any further now

I wouldn’t rule out another almighty hoof

br jones · Jun 24, 2022

oil barron said:
I wouldn’t rule out another almighty hoof

think its been kicked down the road ,worldwide

hoff135 · Jun 24, 2022

oil barron said:
I wouldn’t rule out another almighty hoof

Been relying on rock bottom rates since 09. Either they take them negative or introduce some sort of national living wage to stimulate the economy.
I can't see us going back to doing actual work, that's an outrageous idea

Interest rate rise

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0 %

Up to 25%

25-50%

50-75%

75-100%

100% I’ve had enough of farming!

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