Rate increase in March - Will it happen or not?

roswell

I saw a clip last night of a interview with an economist, the journalist asked " is this a crash or a blip" he responded "ask me friday and I might have a answer"

I guess we can only wait and see what happens for the rest of the week and next week.

What i dont understand is how America went green when the rest of the globe went red did the goverment start buying in bulk to try bring back confidence?

roswell

Generali wrote:

So where do we go from here? Rate rise to support the pound or cut to support the 'real economy' (aka asset price inflation).

I think if trading tomorrow is more of the same it will be a hold and see.

ManAtHome

Up to 10% is a "correction", 20% is a "crash" - FTSE was around 3,500 4 years ago... (equivalent of 3,200 if you exclude dividends), so still doing better than that plasma telly you bought 2 weeks ago...

roswell

Night watchman reporting in for duty,

Asia / pacific has started red again.

roswell

Night Watchman signing off,

Some green and some red across asia pacific.

UK007BullDog

Seems to be stable but then have not seen or read my news as yet.

roswell

Well decision can be anyones guess, Asia / pacific have had a bad morning.

Scores on the doors at the minute.

^AORD All Ordinaries 5,642.40 12:11AM ET 132.80 (2.30%)
^SSEC Shanghai Composite 2,724.66 12:23AM ET 106.86 (3.77%)
^HSI Hang Seng 18,860.36 11:56PM ET 581.65 (2.99%)
^BSESN BSE 30 12,443.92 12:56AM ET 442.21 (3.43%)
^JKSE Jakarta Composite 1,711.73 12:56AM ET 48.29 (2.74%)
^KLSE KLSE Composite 1,110.77 Mar 4 53.91 (4.63%)
^N225 Nikkei 225 16,609.08 12:36AM ET 608.85 (3.54%)
^NZ50 NZSE 50 4,035.33 Mar 4 63.36 (1.55%)
^STI Straits Times 2,954.46 Mar 4 124.28 (4.04%)
^KS11 Seoul Composite 1,378.34 12:56AM ET 36.13 (2.55%)
^TWII Taiwan Weighted 7,344.56 12:46AM ET 285.59 (3.74%)

UK007BullDog

Well, only 3 more days.

Still not sure what will happen. Anyone read in the papers the mad profit the banks made? I feel very jealous as I don't get salaries like that.

UK007BullDog

One more evening and tomorrow we will hear if the interest rates go up, stay or go down.

roswell

Well I guess Merv and his mates have a Very Very good feeling that inflation isnt going to top 3% before May, That or they are going to put in a raise next month to save themselves by the skin of there teeth again.

Personnal I wouldnt risk it when thats the only target your tasked with.