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Interest Rates in Two Years? Any Guesses?
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LeeSouthEast wrote: »Hope for the best, plan for the absolute worst.
That depends on whether you are a borrower or a saverNot Again0 -
1984ReturnsForReal wrote: »That depends on whether you are a borrower or a saver
Well, really it applies to both equally!Starting Debt: ~£20,000 01/01/2009. DFD: 20/11/2009 :j
Do something amazing. GIVE BLOOD.0 -
All these lists of future interest rates are totally meaningless without the equivalent inflation rate alongside.
Historically, if you are getting more than 2% in REAL terms you are doing well.
At the moment the World's investment return in REAL terms (measured in goods and services available to an ever increasing population) is falling at (say) 5 to 10%. Do you think we in UK Plc have a unique edge on the rest of the 6.5 billion people that will enable us to carry on getting a bigger and bigger share?
If you do, let me know - I need cheering up at this time of year.0 -
Like shares nobody will have the foggiest where interest rates will be in the future. The consensus appears to be that they will be higher in a couple of years due to their cyclical nature but didn't rates hit rock bottom in Japan in the 80s? I don't think they have still recovered.0
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