Bank of England base rate, predict what it will be in 2 years?

inspector_monkfish

lemonjelly wrote: »

Inspector, if I may pick your brains one more time?

Why do the banks still, 1 year on, have this fear? We're being told that the bad stuff has gone now, QE should plug what gaps appear. So why is there still fear?

& what could be round the corner?

Hard to explain really, jelly me ol' mucker!

If you sat where I am, and spoke to the people i do day in, day out, you'd understand.

All I can put it down to is the 'unknown'
There always seems to be this fear that there is still something ugly around the corner, that is going to freak the markets all over again.

The last year or 2 have been extremely 'airy scarey for many, and they just don't want to have to go through all that again.

Does that kind of help?

lemonjelly

inspector_monkfish wrote: »

Hard to explain really, jelly me ol' mucker!

If you sat where I am, and spoke to the people i do day in, day out, you'd understand.

All I can put it down to is the 'unknown'
There always seems to be this fear that there is still something ugly around the corner, that is going to freak the markets all over again.

The last year or 2 have been extremely 'airy scarey for many, and they just don't want to have to go through all that again.

Does that kind of help?

Erm, kinda.

There is a fear in the air, but you & those you work with can't logically formulate why that fear exists? Would that be a fair assessment?

May I ask a couple of alternate questions?

What would it take for this fear to go away?

Do you think these fears are well founded, or irrational?

I appreciate literally that is 3 questions...:D I also appreciate that the last question is more about your interpretation of things. If you don't want to answer for whatever reason, that's fair enough.

Appreciate your trying though sir!

Eric_Pisch

lemonjelly wrote: »

Inspector, if I may pick your brains one more time?

Why do the banks still, 1 year on, have this fear? We're being told that the bad stuff has gone now, QE should plug what gaps appear. So why is there still fear?

& what could be round the corner?

I suspect most of the banks realise that we have artificially bought our way out of recession with a tonne of money (much of it printed so its really none existent) we will struggle to pay back and there is a possibility of a double dip, so like many consumers they are battening down the hatches and riding the wave to see where it goes over the next 18 months.

inspector_monkfish

lemonjelly wrote: »

Erm, kinda.

There is a fear in the air, but you & those you work with can't logically formulate why that fear exists? Would that be a fair assessment?

May I ask a couple of alternate questions?

What would it take for this fear to go away?

Do you think these fears are well founded, or irrational?

I appreciate literally that is 3 questions...:D I also appreciate that the last question is more about your interpretation of things. If you don't want to answer for whatever reason, that's fair enough.

Appreciate your trying though sir!

i'll give it a go...

1. Yes, spot on.

2. A very very very long period of stability.

3. Absolutely well founded. Especially after what has happened over the past 2 years.

lemonjelly

Cheers dude!