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Debate House Prices
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BofE Base Rate - October 2008
Comments
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Why is something that's good for a few better than something that's good for everyone? People with mortgages are a minority. People who buy food, or heat their homes, are pretty much everyone.
Forget about food and warmth. Lower interest rates will help to stablise the housing market.0 -
Forget about food and warmth. Lower interest rates will help to stablise the housing market.
Has anyone got an e-mail address for Dan:? If so could you let him know someone's hacked into his account and is making him look really stupid :jHurrah, now I have more thankings than postings, cheers everyone!0 -
I hope they do reduce it as I`m on BOE tracker but I think they will remain cautious and not make any changes until early Spring.0
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Funnily enough I think the price of a loaf of bread (as an example of all essential commodities) is arguably far more important than some incompetent bankers and the value of tower block shoe boxes.
You know mewbie, this is a f**kin good quote here, pretty much sums things up. BoE directive IS inflation, not some knob who bought at the top of the market and can't afford their repayments.
Inflation hurts everyone, higher interest rates only hurt some people.
They will cut for sure this time, its the wrong decision though.0 -
You know mewbie, this is a f**kin good quote here, pretty much sums things up. BoE directive IS inflation,
It is a good quote. But not the only directive, they are responsible for keeping the economy stable.
We have stalled so they have no choice inflation or not, but I think inflation will start to drop this month or next. (PS Tesco do a loaf for £0.35 but it is like cheap hotel bread.:( )0 -
There has been 53 votes so far (2, 24, 21. 6).
A lot more MSEers expect a cut than in previous months and MSEers are usually right.
Must sought out that cash-ISA before Thursday.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
They need to go up. Low interest rates are what got us into this mess in the first place. We've got to stop it happening again.Krusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0 -
ad44downey wrote: »They need to go up. Low interest rates are what got us into this mess in the first place. We've got to stop it happening again.
Please explain your reason for an increase?0 -
I think they will cut by 0.25% but I don't think it will be a unanimous decision.0
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ad44downey wrote: »They need to go up. Low interest rates are what got us into this mess in the first place. We've got to stop it happening again.
Exactly right except:
1. Raising interest rates right now would be a disaster for the economy.
2.The reason for this mess was not low interest rates.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0
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