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OECD says UK interest rates must rise to 3.5% by 2011
Comments
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And you're grasping at straws if you think it won't.
I know it won't because we've had rates at 5% or greater (can you imagine that!!!) already, and we still had a housing boom. I can hardly be grasping at straws when what I say is historically factual."I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.0 -
Too important a story not to feature high up on the board.
This is the crucial factor which will restore house prices to the levels they would have reached had all Labour's emergency measures, pre-election, not been imposed.
About time too.
True, so
MPC's Adam Posen warns Britain at risk of Japan-style deflation
http://www.telegraph.co.uk/finance/f...deflation.html'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Also if 3.5% did cause a crash what would base rate do as a reaction?
mmmm Let me think what happened in 2008.:think:;)0 -
Well what happend to anarchy and the 70% crash?
If you don't agree state what has been done wrong? But as far as I can tell things are far better than what the most bearish were predicting so would that not equal calling most of the shots correctly?
I think you are confusing me with someone else there.
If you wanted a 'crash' preditcion from me, it would have been 30% in non inflational adjusted prices.
I'm more in the lurk +-15% camp now.
In terms of anarchy, that started years ago. Just you dont see it!0 -
I think you are confusing me with someone else there.
If you wanted a 'crash' preditcion from me, it would have been 30% in non inflational adjusted prices.
I'm more in the lurk +-15% camp now.
In terms of anarchy, that started years ago. Just you dont see it!
Sorry, it was not you directly who I picked just that the worst of what was forecast did not happen (3.5m unemployed, 80K repos+).
So I was just trying to find out why you think saying the BOE have been fairly good was a joke and why you disagreed?0 -
Sorry, it was not you directly who I picked just that the worst of what was forecast did not happen (3.5m unemployed, 80K repos+).
So I was just trying to find out why you think saying the BOE have been fairly good was a joke and why you disagreed?
The BOE targets CPI inflation and 'financial stability'.
Over the past 3-4 years their inflation targeting has been erratic to say the least. I'm getting a bit sick of the 'it's a blip things will be better in 6 months' when 6 months previously they said the same thing.
The problem is that they are not resposibly for their own actions, hence failure or success is no different to them. Especially when they have no real control over the banks, how can they target anything without the power to check their 'troops'?0 -
The BOE targets CPI inflation and 'financial stability'.
Over the past 3-4 years their inflation targeting has been erratic to say the least. I'm getting a bit sick of the 'it's a blip things will be better in 6 months' when 6 months previously they said the same thing.
The problem is that they are not resposibly for their own actions, hence failure or success is no different to them. Especially when they have no real control over the banks, how can they target anything without the power to check their 'troops'?
Without financial stability inflation can rage so targeting that as a priority was the most sensible thing to do.
If you think we are back to strong growth and stability perhaps we should then target inflation again.
But I really do not think you think that.;)0 -
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Without financial stability inflation can rage so targeting that as a priority was the most sensible thing to do.
If you think we are back to strong growth and stability perhaps we should then target inflation again.
But I really do not think you think that.;)
The two are linked, if anything inflation would destroy us quicker than rate rises.
Eating is more important to people than the value of their homes.0
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