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Debate House Prices
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Interest rate held at 0.5%
Comments
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lemonjelly wrote: »I'm no gambler, however what are the odds it is an 8-1 split?
With the '1' being that Sentance chap always voting for a rise because he wants to make a name for himself and because he's too up himself to back down.
This is great news though, another month of low rates, another month that I can renovate my house and not worry about mortgage rates.
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RenovationMan wrote: »
This is great news though, another month of low rates, another month that I can renovate my house and not worry about mortgage rates.
Think you got another good year or so of that!0 -
RenovationMan wrote: »With the '1' being that Sentance chap always voting for a rise because he wants to make a name for himself and because he's too up himself to back down.
That's pretty harsh quite frankly. I can't imagine anyone on the MPC voting in order to bring attention or notoriety to themselves and if there was a whiff that someone was doing so they'd be straight out.
IMO it reflects the fact that rather than having a bunch of people who are doing the Treasury's bidding on the MPC there is a genuine plurality of views. It's the same thing as 'Danny' Blanchflower who constantly wanted to reduce rates in the face of asset price inflation.
The ones that disagree with the majority just see different risks and with £200,000,000,000 of QE sloshing around the system I can certainly see why he thinks inflation might be a risk. I don't agree with him but I can see where he's coming from.0 -
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That's pretty harsh quite frankly. I can't imagine anyone on the MPC voting in order to bring attention or notoriety to themselves and if there was a whiff that someone was doing so they'd be straight out.
IMO it reflects the fact that rather than having a bunch of people who are doing the Treasury's bidding on the MPC there is a genuine plurality of views. It's the same thing as 'Danny' Blanchflower who constantly wanted to reduce rates in the face of asset price inflation.
The ones that disagree with the majority just see different risks and with £200,000,000,000 of QE sloshing around the system I can certainly see why he thinks inflation might be a risk. I don't agree with him but I can see where he's coming from.
I'm just demonising him because hes 'agin me' and my gamble. 0 -
RenovationMan wrote: »I'm just demonising him because hes 'agin me' and my gamble.
Didn't think you were "gambling". Thought that you had found a method of beating the market.
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RenovationMan wrote: »I'm just demonising him because hes 'agin me' and my gamble.
Much better for your gamble that rates rise early than that inflation takes hold. I think you're looking good TBH.0 -
weren't rates under 2.5% for about 10 years in the 1950s?Graham_Devon wrote: »Longest period of time in history that interest rates have stayed at the same level.
Lowest level in history.
In 300 years, it's saying something!0 -
That's pretty harsh quite frankly. I can't imagine anyone on the MPC voting in order to bring attention or notoriety to themselves and if there was a whiff that someone was doing so they'd be straight out.
IMO it reflects the fact that rather than having a bunch of people who are doing the Treasury's bidding on the MPC there is a genuine plurality of views. It's the same thing as 'Danny' Blanchflower who constantly wanted to reduce rates in the face of asset price inflation.
The ones that disagree with the majority just see different risks and with £200,000,000,000 of QE sloshing around the system I can certainly see why he thinks inflation might be a risk. I don't agree with him but I can see where he's coming from.
I agree with this.
I prefer the fact that at least the committee are genuinely debating issues here.
Sentance has reasons for his views, & from interviews etc he can back these up with reasoned debate. The other members disagree. But at least they debate it.
Better than everyone being subserviant to one particular member...It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
Thrugelmir wrote: »Didn't think you were "gambling". Thought that you had found a method of beating the market.
Playing the 'straw man*' game again, Thrugelmir? tut tut.
Please find any post of mine where I have described my challenge as anything other than a gamble.
* A straw man argument is an informal fallacy based on misrepresentation of an opponent's position. To "attack a straw man" is to create the illusion of having refuted a proposition by substituting a superficially similar yet unequivalent proposition (the "straw man"), and refuting it, without ever having actually refuted the original position0
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