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Interest rates 'may hit 8pc' in two years
Comments
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Dont tell me, your parents have always voted labour, and your parents parents have always voted labour and you dont really understand politics?I will always vote labour and they were hardly trashed at the recent election, were they?
Why dont you have a look at the share of the vote and compare it to last time Liebor won - Liebor had a smaller share of the vote and yet a bigger commons majority....0 -
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Cant really call what sits there in red ties today as labour , stopped being the workers party long ago....but the voters havent caught on because of this genetic box ticking malarky.Have you tried turning it off and on again?0
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amcluesent wrote: »Yep, all the signs are for a repeat of 1977-1982, stagflation, millions idle and monetarist ideology whacking up interest rates to try and reign in inflation, ensuring a plunge back into recession, foreclosures and repossessions galore.
:rotfl:
Someone didn't read the article......“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 -
Another hit coming out of Ealing studios?amcluesent wrote: »...repossessions galore...0 -
Rainmaker_uk wrote: »That would suggest to me that interest rates will remain low. After all the media were not exactly cutting edge in spotting the .com crash, the housing crash or indeed the sub prime credit issues...
It is rarely the 'future concerns' scaremongered by the media sheep come to pass - it is the stuff they miss that we need to be concerned about.
A very astute comment. Why any of these pundits are paid the slightest attention I dont know. You might as well ask Mystic Meg. If these people really knew what was going to happen they would keep silent and make their fortunes from that knowledge.0 -
There does seem to be a kind "in denial" amongst some mortgage payers that rates will never go back to "normal" levels again. Never say never.0
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Lots of them have never known any different to these historically low rates so lets hope whatever happens is gradual..
The 300 year plus historical average interest rate is around 4.9%.
The rates of the 70's, 80's and 90's were the highest interest rates in history, and were abnormal.
The rates of the last decade, of around 5%, are very much the historical "normal".“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
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