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MSE News: Base Rate 'to stay frozen until 2011'
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Even MSE are ramping a "could stay" into "to stay"
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So inflation is going up http://news.bbc.co.uk/1/hi/business/8508002.stm but interest staying low? This is terrible for pensioners living on their savings.0
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dandy-candy wrote: »So inflation is going up http://news.bbc.co.uk/1/hi/business/8508002.stm but interest staying low? This is terrible for pensioners living on their savings.
Yer, but saving the boomers.0 -
And for graduates paying back their loans :mad:dandy-candy wrote: »So inflation is going up http://news.bbc.co.uk/1/hi/business/8508002.stm but interest staying low? This is terrible for pensioners living on their savings.0 -
Graham_Devon wrote: »Yer, but saving the boomers.
Actually not.
Didn't another thread today say that 75% of 60 year olds (the boomers) are mortgage free? And that number rises dramatically the older they get.
So actually it's really only the FTB's that bought in the last few years it's "saving"......“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Predicting whats going to happen over a couple of years is risky business, very few get it right and in most of those cases, it's purely coincidental.
The only reason why interest rates will stay low is because they must, if they hit 5% tomorrow - anyone who thinks lenders wouldn't follow suit, is kidding themselves.0 -
Woo hoo!!!!!!!! Hope this is true Win's of 2014 so far-Maxfactor mascara, £50 Pizza Express Voucher, Dr Oetker Pizza, Nuby sippy cup :j:beer:0
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Predicting whats going to happen over a couple of years is risky business...
Hmmm... yes.
Tell it to Capital Economics and all the clever chaps at HPC.co.uk who predicted massive price drops over 2009
Oh dear
:beer:
My favourite had to be when CE admitted they hadnt a clue in April 2007, and predicted that house prices would keep rising
What a bunch of clowns0 -
dandy-candy wrote: »So inflation is going up http://news.bbc.co.uk/1/hi/business/8508002.stm but interest staying low? This is terrible for pensioners living on their savings.
Hmmm ... a very selective interpretation
The BOE are predicting the current rise is temporary and the rate will drop off quickly
:T0 -
nollag2006 wrote: »Hmmm... yes.
Tell it to Capital Economics and all the clever chaps at HPC.co.uk who predicted massive price drops over 2009
Oh dear
:beer:
My favourite had to be when CE admitted they hadnt a clue in April 2007, and predicted that house prices would keep rising
What a bunch of clowns
Yes and didn't all the big VI's get it wrong too, like Haliblag and Nationlies?
Who's the clown now?0
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