Downturn points to cut in rates

WTF?_2

StevieJ wrote: »

Then again she would know that being a psycology student.

What gave it away from me was the bizarre out-of-nowhere reference to 'retard-gate', to be found at:

http://forums.moneysavingexpert.com/showthread.html?p=12325361#post12325361


That's something only DD would be likely to trawl up - he seems to have quite an obsession with it. How strange that he deleted all his posts that he made at the time, but there are enough preserved in my replies to give a feel for what was being said in the thread. (Not that many are actually interested in trawling though it now, I would guess).

Realy

:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

Dopster knows who I am you muppets. (he as some brains that lad;) )
I have done Psycology and sociology. Do I get a prize.:rotfl: :rotfl:

Realy

!!!!!!? wrote: »

What gave it away from me was the bizarre out-of-nowhere reference to 'retard-gate', to be found at:

http://forums.moneysavingexpert.com/showthread.html?p=12325361#post12325361


That's something only DD would be likely to trawl up - he seems to have quite an obsession with it. How strange that he deleted all his posts that he made at the time, but there are enough preserved in my replies to give a feel for what was being said in the thread. (Not that many are actually interested in trawling though it now, I would guess).

You are such a wally, how many conspiricys do you buy in to?

If you do take canabis stay of it you will get perment damadge.

JUST ANSWER THE QUSTION......................................AAAAAAAAAAAAAAAAAAAAGGGGGGGGGGGGGGGGGGGGHHHHHHHHHHHHHHHHHHH

StevieJ

!!!!!!? wrote: »

The Skipton graph which I came up with when StevieJ wasn't happy with the previous BBA one:

http://www.skipton-intermediaries.co.uk/product_details/graph.asp

... covered both UK and US rates and the respective LIBORs so I commented on both.

My original claim was that real world cost of borrowing money started to strongly diverge from the rates that the central banks were setting over a year ago.

I would say that the graph, in the link posted, backs this up.

As I noted, in the case of Sterling it really widened about 17 months ago, for the dollar the start of the widening was about 8 months ago.

I hope that's clarified things for you.

I know it diverged 12 months ago, what we are discussing is what is happening now.
You said
Sure it was - Lehman caused all the problems. Otherwise LIBOR and base rates would be back to tens of bps apart

I said the base rate was converging before Lehmans was allowed to collapse, this is clearly visible on your new graph. The convergence has now been resumed although it willl be hard for LIBOR to keep up with the 3% drop in rates to come.

Realy

Cannon_Fodder wrote: »

my first ignore...

Well other "bears" did thank my posts to !!!!!! on this thread.

I think it may be you trying claiming the moral high ground.:rolleyes:

StevieJ

!!!!!!? wrote: »

What gave it away from me was the bizarre out-of-nowhere reference to 'retard-gate', to be found at:

http://forums.moneysavingexpert.com/showthread.html?p=12325361#post12325361


That's something only DD would be likely to trawl up - he seems to have quite an obsession with it. How strange that he deleted all his posts that he made at the time, but there are enough preserved in my replies to give a feel for what was being said in the thread. (Not that many are actually interested in trawling though it now, I would guess).

You talking to me? are you talking to me?

purch

I hope that's clarified things for you

Yes & No

As there is not a Base Rate in the U.S. how can anyone chart it against the Eurodollar LIBOR ?

This mythical "Base Rate".............is it the Funds rate or the Discount rate ?, or something "made up" between the two ??

Also the Funds rate, and Discount rate are for Domestic USD, wheras the Eurodollar LIBOR is for Euro USD which is a different thing altogether.

P.S. Other than the obvious mistakes, which show up a lack of real knowledge in these matters, you did quite well.

WTF?_2

StevieJ wrote: »

I know it diversified 12 months ago, what we are discussing is what is happening now.
You said
Sure it was - Lehman caused all the problems. Otherwise LIBOR and base rates would be back to tens of bps apart

I said the base rate was converging before Lehmans was allowed to collapse, this is clearly visible on your new graph. The convergence has now been resumed although it willl be hard for LIBOR to keep up with the 3% drop in rates to come.

Manged to get direct link to picture to work (hopefully).



If that somewhat garish graph is correct, there didn't seem to be a lot of convergence going on before Lehmans really - either for dollar or pound.

You can see that the Dollar base rate/LIBOR diverged strongly in March 08 (Bear Stearns) and stayed at a wide level until Sep 08 (Lehman) when it really widened.

Now the graph isn't detailed and doesn't define exactly what on the rates (overnight, 3 month, 12 month) they are plotting but it doesn't show any real convergence taking place when you claimed it did.

dopester

Realy wrote: »

Well other "bears" did thank my posts to !!!!!! on this thread.

If it helps - I'm totally confused in following this thread.

I thanked your posts about the 15% interest rates combined with free and easy lending question, as it made me think....

As it stands we have low rates but like 3 times the debt. Perhaps lenders misunderstood the risks of lax lending with high debt with rates low, but I don't excuse them if they did.

StevieJ

!!!!!!? wrote: »

Manged to get direct link to picture to work (hopefully).



If that somewhat garish graph is correct, there didn't seem to be a lot of convergence going on before Lehmans really - either for dollar or pound.

You can see that the Dollar base rate/LIBOR diverged strongly in March 08 (Bear Stearns) and stayed at a wide level until Sep 08 (Lehman) when it really widened.

Now the graph isn't detailed and doesn't define exactly what on the rates (overnight, 3 month, 12 month) they are plotting but it doesn't show any real convergence taking place when you claimed it did.

You can't get anymore detailed than the figures I gave you.