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Base rate to rise in 2013?
Comments
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Wrong...
The money the BOE is injecting is simply replacing the cash that has been lost during the credit crunch. The true state of the balance sheets of UK PLC banks (RBS in particular) will only become evident after another 26 years, when the minutes of the meetings are released.
The inflation has already happened. look at UK house prices from 2001 to 2007 if you want a clue where it went.
QE is not hitting main street, which is why we will not see high inflation. The austerity drive is also keeping a cap on inflation by removing demand from the system. Especially all those public sector workers who bought consumerist cr*p who now dont have 2 beans to rub together.0 -
The inflation has already happened. look at UK house prices from 2001 to 2007 if you want a clue where it went.
This is one of the major problems with the current inflation measures. They ignore asset price inflation, which is as damaging to the economy as any other type of inflation."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
RPI includes mortgage costs. Which makes inflation targetting pointless, as interest rate rises will then lead to RPI increases. RPIX is rpi minus mortgage costs.0
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Wrong...
The money the BOE is injecting is simply replacing the cash that has been lost during the credit crunch.
austerity drive is also keeping a cap on inflation by removing demand from the system
How will we cap global demand, define austerity by increasing spending and replace cash by decreasing its value?
All these devilish details will we hope be ironed out in time by the great nobel prize winning minds of our time
http://www.theflatearthsociety.org/wiki/index.php?title=Main_Page0 -
Wrong...
The money the BOE is injecting is simply replacing the cash that has been lost during the credit crunch. The true state of the balance sheets of UK PLC banks (RBS in particular) will only become evident after another 26 years, when the minutes of the meetings are released.
The inflation has already happened. look at UK house prices from 2001 to 2007 if you want a clue where it went.
QE is not hitting main street, which is why we will not see high inflation. The austerity drive is also keeping a cap on inflation by removing demand from the system. Especially all those public sector workers who bought consumerist cr*p who now dont have 2 beans to rub together.
Nice explanation, thanks.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
The true state of the balance sheets of UK PLC banks (RBS in particular) will only become evident after another 26 years, when the minutes of the meetings are released.
The fact that I find most interesting was that RBS and HBOS between October 2008 and January 2009 borrowed at peak £61 billion from the BOE in covert financial assistance. This was on top of the share capital injected.
.0 -
Good to see that Hector Sants has got a knighthood though, showing that the days of reward for failure are behind us.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
He kept his mouth shut like a good little public schoolboy.0
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I did not know Sants was so googled him and here is the link that was at the top of the list:GeorgeHowell wrote: »Good to see that Hector Sants has got a knighthood though, showing that the days of reward for failure are behind us.
http://www.telegraph.co.uk/finance/comment/damianreece/9769398/Honours-list-Why-Hector-Sants-knighthood-rings-hollow.html
Layabout dole scroungers are rightly being castigated BUT never mind a knighthood, I bet this bottom feeder can hardly believe his luck that he is getting paid a salary considering how useless he is.
Anyone off the street could have done his job as good if not better.0 -
Narrowboatlife wrote: »inflation pressure will force interest rates up regardless of the mess the ecconomy is in long before the end of this decade. Could well be 2013 if the BOE carries on adding billions of £s to the currency supply.
:rotfl:
The money supply (M4) shrank by £128 bn in the two years to Oct 2012.
And that's AFTER "the BOE added billions of £s to the currency supply".
The currency supply is decreasing, not increasing, you prize nitwit.“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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