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Debate House Prices
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FED cuts by 0.5%
Comments
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Just out of interest scousethief/thife how old are you? Just wondering?Turn your face to the sun and the shadows fall behind you.0
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posh*spice wrote: »Just out of interest scousethief/thife how old are you? Just wondering?
41.................... a very young and handsome 41 at that:DHi, we’ve had to remove your signature. The one where you showed us Dithering Dad is a complete liar. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE Forum Team0 -
Gorgeous_George wrote: »... to 1%!
I guess the questions now are:
1. How much will the UK Base Rate be cut?
2. How soon will they be cut?
and
3. How long will they remain lower than 5%?
I think they will be cut to 3.5% tomorrow (a week ahead of schedule) in a Europe-wide move and that they will stay below 5% for at last four years or until the Tories get in.
GG
Lets hope not as interest is my only form of income I wont be able to make ends meet - you lot never think about the poor invester.0 -
scousethife wrote: »41.................... a very young and handsome 41 at that:D
LOL Liverpool supporter? Gerrard scored 76 minute:jTurn your face to the sun and the shadows fall behind you.0 -
Interest rates of 10% with inflation is 9% is not a lot better than interest rates at 2% with inflation at 1%.
However, you may feel better off because the numbers in the bank are bigger. The money doesn't last much longer.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
I think your trying to score with me misses!posh*spice wrote: »LOL Liverpool supporter? Gerrard scored 76 minute:j
I'm not cheap you know.
an alchopop and a bag of nobbies nuts and I'm anyones:rotfl:Hi, we’ve had to remove your signature. The one where you showed us Dithering Dad is a complete liar. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE Forum Team0 -
BACKFRMTHEEDGE wrote: »I think you might be right. I belong to a generation that would never, ever vote Conservative. Anyone who was a young adult in the early 80's will never forget. I think that is why the tories have been out of power for so long. I have friends who haven't voted for ages who intend to vote this time to "Keep the Tories out". Margaret Thatcher was a witch
I wonder if my generation will be saying something similar about labour in twenty years time?
"Anyone who was a young adult in the late noughties will never forget. I think that's why labour have been out of power for so long. I have friends who haven't voted for ages who intend to vote this time to "Keep Labour Out". Gordon Brown was a thief/idiot."
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From a purely selfish point of view....the interest rate drop has prompted a flee from the Dollar which is now weakening.
I buy a large proportion of my stock (that's product not stocks and shares) in US$ - the drop to nearly $1.50 this week cost me £11,000 extra this week alone....the interest rate change is small fry compared to the currency fluctuations.
I've had to resort to quoting my customers in US$ because the market is so volatile.0 -
Gorgeous_George wrote: »Interest rates of 10% with inflation is 9% is not a lot better than interest rates at 2% with inflation at 1%.
Is that right? At 2% and 1%, you are getting twice the rate of inflation, so the value of savings rises faster.
With tax, you are getting less than inflation at 10% and 9%...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Gorgeous_George wrote: »Interest rates of 10% with inflation is 9% is not a lot better than interest rates at 2% with inflation at 1%.
However, you may feel better off because the numbers in the bank are bigger. The money doesn't last much longer.
GG
If you are living off savings then surely 2% and 1% is far better than 10% and 9%
Youd be getting twice as much money than prices would be increasing at 2% and 1% while at 10% and 9% there would a much smaller difference:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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