groin thrusting from the BBC

PaulF81

http://www.bbc.co.uk/news/business-25857337

rate rise is still some way off. HPC brigade have given up.

carslet

i bet they are sick now, or saying the hpc will be happening in 10 years time

DaveTheMus

what does HPC mean? I've seen it a few times but can't think what it means...

AndyGuil

DaveTheMus wrote: »

what does HPC mean? I've seen it a few times but can't think what it means...

House Price Crash. A reference to people (who rent) that believe house prices will crash.

Loughton_Monkey

DaveTheMus wrote: »

what does HPC mean? I've seen it a few times but can't think what it means...

High Performance Computing
High Performance Concrete
High Performance Cluster
High Performance Computer
Hydrometeorological Prediction Center
Heterotrophic Plate Count
Human Performance Center
High Pressure Compressor
Hippocampus
Hydroxypropylcellulose
Health Professional Card (Germany)
Hematopoietic Progenitor Cells
Health Policy Center
Home and Personal Care
Health Professionals Council
Hereditary Prostate Cancer
Hewlett-Packard-Compaq
Handheld Personal Computer
Heat Pump Centre (Sweden)
Household and Personal Care
High Probability of Completion (telecommunications)
High Performance Coatings, Inc.
Halo PC (game)
High Performance Controller (IDNX)
Health Promotion Council of Southeastern Pennsylvania
Historical Preservation Committee
Hewlett Packard Consulting
Hydroprocessing Catalyst
Higher-Order Path Connection
Health Promotion Coordinator
Hertz Prestige Collection (Hertz Corporation)
Heavy Particle Cannon (gaming)
Hydrolyzed Protein Complex
High Power Command
Home Port Change
Halifax Parish Church (UK)
Hearing for Probable Cause
High-Power Characterization
High Pulse Command
Huron Port Cement (Pres Isle, Michigan)
Hydraulic Pump Controller
Hold Space Pressure Control
Hallmark Photographic Collection
HIP (History In your Pocket) Pocket Change (US Mint children's coin collecting website)
High Powered Inter-Ministerial Committee (India)
Headache & Pain Center (Leawood, KS)
High Pressure Cylinder
High-Productivity Computing
Historic Peace Church
High Pressure Cell
Healthpoint Capital, LLC (New York)
Honors Pre-Calculus (education)
Human-Powered Computing (Massachusetts Institute of Technology)
Hora Prevista de Chegada (Portuguese: Estimated Time of Arrival)
Hayan Petroleum Company (Syria)
Hospice Palliative Care (various locations)
Health Partnership Council (est. 1998; Rhode Island)
High Plains Community (various organizations)
Health Policy Committee (various organizations)

worried_jim

carslet wrote: »

i bet they are sick now, or saying the hpc will be happening in 10 years time

I do recall seeing on the news a few years ago people who had sold their houses and moved to rented accommodation believing that the market would crash enabling to use the money released form their sale to upgrade to a bigger property. I suppose if you had sold in July 2008 and purchased inn the right area in 2010 it could have been done. A very risky venture though- anybody know of anyone who actually did it, or are still renting (God knows how much that will have cost them versus a mortgage over the past 6 years)?

Where I live the homes are now going for 2008 prices, I bought here in 2003 so whilst my property hasn't gone up since 2008 I have cleared a load of the mortgage so the equity has increased, and my mortgage is about £200 cheaper than renting next door.

pbouk

PaulF81 wrote: »

http://www.bbc.co.uk/news/business-25857337

rate rise is still some way off. HPC brigade have given up.

It also says this-

However, there is rising speculation that interest rates will increase later this year, despite Wednesday's MPC minutes making it clear the central bank is in no hurry to raise rates.
Sir John Gieve, former deputy governor of the Bank of England, told the BBC he thought there was a "reasonable chance" interest rates would rise by the end of the year if the economy continued to strengthen.
And on Wednesday, US bank Citigroup said it expected the Bank of England to raise interest rates in the final quarter of this year, not the beginning of 2015 as previously projected.
Speculation of an early rate rise boosted the value of the pound, which climbed to $1.6615 against the US dollar - a two-and-a-half year high - in morning trading.:beer:

PaulF81

Yep, I bet it doesnt go above 2% in the next 5 years though!

All this talk of rates going up will kill any export sales due to a strong pound. You can expect the PR side of the BOE talking to the crusties and the proles about rate rises, whilst begatting the virtue of low rates for longer in the FT.

pbouk

PaulF81 wrote: »

Yep, I bet it doesnt go above 2% in the next 5 years though!

All this talk of rates going up will kill any export sales due to a strong pound. You can expect the PR side of the BOE talking to the crusties and the proles about rate rises, whilst begatting the virtue of low rates for longer in the FT.

OK sweetheart! you do that.

PaulF81

full statement here.
http://www.telegraph.co.uk/finance/financetopics/davos/10594677/Mark-Carney-admits-forward-guidance-must-evolve.html

seems pretty doveish to me.

if inflation stays as it is, where is the requirement to raise rates?

chucknorris

PaulF81 wrote: »

Yep, I bet it doesnt go above 2% in the next 5 years though!

I've already saved much more than I thought I would have from lower rates from when they were first reduced, so everything extra is just a bonus. If it takes another 5 years to get back up to 5% that will suit me fine. Although a new 'normal' rate of 3% would be even better:


http://www.theguardian.com/money/2014/jan/25/interest-rates-new-normal-sustained-recovery