Q3 gdp +0.8%

ILW

chucky wrote: »

I didn't think you would and knew that the the obvious irony about high savings rates and low mortgage rates would go above you head.

Why should I care about what peoples mortgages are costing them?
They don't care that my savings account cannot even keep up with inflation.

lisyloo

Some people were waiting for a 'tripple' dip

I believe we never had a double-dip after the revisions.

Conrad

Good to see my 2011 prediction of a 'new era of prosperity' becoming a reality.

Will Hutton and co kept saying even recently we'd have many more years of bumping along the bottom. I do wish economics would get a common sense injection.

I also said growth this year would be 2-3% which got raucous laughter.
I will repeat, next year I'm expecting 4%, possibly more.

The enterprise culture has arrived and it's fizzing like fuuuk.

wotsthat

ILW wrote: »

Why should I care about what peoples mortgages are costing them?
They don't care that my savings account cannot even keep up with inflation.

Can't you view the difference between your savings rate and inflation as the cost of being too fearful to invest in non-cash vehicles? Won't put any money in the bank but might help you feel more positive.

May as well get used to it. Aren't negative real returns on cash something that history suggests should be expected?

Conrad

ILW wrote: »

Why should I care about what peoples mortgages are costing them?
They don't care that my savings account cannot even keep up with inflation.

If you have a mortgage your stuck with it, savers on the other hand are not forced to keep their savings in lame cash accounts.
The last few years we've used stocks n shares ISA's and more recently the 3% Santander 123 account so whats to moan about?

London B2L provides 8-10% net yields on studios costing £100-£120k

Masomnia

Indeed, I think you're effectively paying to not have to take on investment risk.

Remember your savings are insured, at no cost to you. If you lend money to an insolvent institution, you'll still get bailed out, even though it's obvious a lot of those institutions are still pretty shaky.

Personally I don't see why people think they should be entitled to a real return in the current situation.

ILW

Conrad wrote: »

If you have a mortgage your stuck with it, savers on the other hand are not forced to keep their savings in lame cash accounts.
The last few years we've used stocks n shares ISA's and more recently the 3% Santander 123 account so whats to moan about?

London B2L provides 8-10% net yields on studios costing £100-£120k

Doubt I will get a London BTL for £800.

Fella

Got to love the unbiased coverage by the BBC. Best economic figures in years & who do they lead their flagship 5Live news story with? The Prime Minister? The Chancellor?? The Shadow Chancellor??? Even Clegg????

Nope, they lead with Ed Balls spinning Labours latest & ever more desparate line about how living standards aren't going up (surely one of the dumbest arguments there has ever been, they really are losing their touch).

So we get the best economic news story this decade, & the BBC turn it into a party political broadcast for the labour party.

Hot on the heels of Labour's nonsense over energy too. If this carries on by the time we get to the election their manifesto will be "vote Labour if you hate people with more money than you, it must be their fault somehow".

Going back to the BBC, high time the licence fee was scrapped & they were forced to fend for themselves. No sane reason on earth why the rest of us should be forced to fund a TV channel, especially one with it's own misguided political agenda.

dotdash79

ILW wrote: »

Why should I care about what peoples mortgages are costing them?
They don't care that my savings account cannot even keep up with inflation.

My mortgage isn't even keeping up with inflation.

I think IR aren't going up soon, there is still a lot of slack in the productivity of the workforce. Once that slack is taken up expect the props to be removed then IR to start to go up.

chewmylegoff

ILW wrote: »

I don't care about mortgage rates, just want to get some more from my savings account.

Seems entirely reasonable. I'm sure the MPC will respond to sort you out.