Interest Rates Predicted To Rise Very Soon

[oil barron]

Farage is great imo , but most don’t like him , he’s of made a great pm but never happen .

We definitely need an alternative conservative opposition.

 

[Steevo]

Just printing a bit more sounds ideal in my world, but that’s why I’m not the chancellor.

In my world, I would need a really, really, really good quality set of coloured pens and some good paper.

You do realise the Chancellor doesn’t make all the notes himself don’t you…?!

 

[Steevo]

Indeed, the main achievement of years of low interest rates has been massively inflated house prices. No one has money to spend on anything other than servicing their mortgage any more. Most people believe they are "better off" because their house has gone up. It's an illusion.

This is true….but at least they aren’t worse off had they not owned the house and owned cash instead.

 

[oil barron]

You do realise the Chancellor doesn’t make all the notes himself don’t you…?!

He doesn’t even decide to do it. It is the Bank Of England Governor that has the keys to the metaphorical printing press that is quantitive easing. Of course they do this in reaction to government policy.

 

[Steevo]

He doesn’t even decide to do it. It is the Bank Of England Governor that has the keys to the metaphorical printing press that is quantitive easing. Of course they do this in reaction to government policy.

Unless….the BoE have subbed the printing job out to Kev and Pete and this is a cunning ploy by @Cab-over Pete to deflect attention.

 

[7610 super q]

Unless….the BoE have subbed the printing job out to Kev and Pete and this is a cunning ploy by @Cab-over Pete to deflect attention.

 

[DaveGrohl]

Was talking to the bank yesterday and they are scratching their heads a bit as this is a bit of a new one on them.

Generally inflation is demand led but here & now it is supply led inflation which the BoE expect to flatten the inflationary pressures when the supply chain problems are ironed out.
Unfortunately, they cannot accurately predict when that will be so the best guestimates are that interest rates will remain low or not move at all in the near future

Sorry but I LOL'd at that bit. I've spoken to several commercial bankers and what they know about what makes the economy work isn't up to much. One of them strongly advised me against doing a large currency transaction a few years ago as the top people in their currency dept were of a different view to me about the direction of travel of the currency pair. I ignored their advice and saved myself a large sum of money.

"A new one on them"? It won't have been in their textbooks. Then again, worldwide concurrent money printing on this mahoosive scale has never been tried on this planet so they maybe deserve a smidge of sympathy.

 

[oil barron]

Sorry but I LOL'd at that bit. I've spoken to several commercial bankers and what they know about what makes the economy work isn't up to much. One of them strongly advised me against doing a large currency transaction a few years ago as the top people in their currency dept were of a different view to me about the direction of travel of the currency pair. I ignored their advice and saved myself a large sum of money.

"A new one on them"? It won't have been in their textbooks. Then again, worldwide concurrent money printing on this mahoosive scale has never been tried on this planet so they maybe deserve a smidge of sympathy.

I thought it was a pretty intelligent comment.

But i agree on general, some advice from the banks is shocking. They were adamant that I should go on their 5% fixed rate in 2010 rather than a tracker to base.

 

[BrianV]

Having money in a bank just now is just a total joke. Probably losing 10%+ on it every year. Imagine there's a lot of older people with a bit of money in the bank considering buying a house to let just to have something other than a few worthless numbers on a screen, that's what I would do. I think it's going to get a lot worse

On the other hand if things really go tits up then cash is king & bargains can be had if you have the cash for a quick sale, sometimes in a recession things can drop in value a lot faster than your cash in the bank!

 

[manhill]

With fert at the predicted £1000 ton next winter will be the big riot .

Who predicted 1000 pounds a ton?

 

[cows sh#t me to tears]

They don't get it from China, they get it from the future. Where does China get its debt from? Same place.

Except that when governments sold off there gold reserves 40 years ago as they thought they were unnecessary, guess who bought it all up......

 

[Hilly]

We definitely need an alternative conservative opposition.

Defo, nothing like competition to raise the game .

 

[Hilly]

Who predicted 1000 pounds a ton?

Some on here a few days ago , o believe some is £700 already .

 

[DaveGrohl]

Except that when governments sold off there gold reserves 40 years ago as they thought they were unnecessary, guess who bought it all up......

They're far better at being capitalists than the capitalists are.

 

[Hilly]

They're far better at being capitalists than the capitalists are.

Cos it’s mixed with do as I say ism

 

[cows sh#t me to tears]

Urea $1000/ tonne here now. Roundup $10500 per shuttle. Up from $4000 a year ago.

 

[kiwi pom]

Interest rates have just gone up here for the first time in years, with more expected. To what, I have no idea, I don't owe anyone money so not worried.

 

[hoff135]

On the other hand if things really go tits up then cash is king & bargains can be had if you have the cash for a quick sale, sometimes in a recession things can drop in value a lot faster than your cash in the bank!

Yes its just how much value you lose before that ever happens. At the moment it feels like trying to carry water I a sieve

 

[oil barron]

Yes its just how much value you lose before that ever happens. At the moment it feels like trying to carry water I a sieve

As the old saying goes. More money is lost waiting for a crash than during a crash.

 

[teslacoils]

Interest rates have just gone up here for the first time in years, with more expected. To what, I have no idea, I don't owe anyone money so not worried.

You'll be fine so long as yall don't upset your new master (China).