What is next for central banks?

Crashy_Time

mwpt wrote: »

By the way, it sounds very likely that more QE of some form is on the way for the UK. Quoted from The Guardian:

They are going to start tweaking rates up. Look for 0.25% raise soon. The PTB don`t care about over-indebted "homeowners" anymore, the stakes are now much higher.

mwpt

Crashy_Time wrote: »

The next stage is stop buying houses at silly prices. Unfortunately you bought at the wrong time.

When are you going to stop making this personal? I don't wish you ill and I actually hope you get a reasonably priced house some day. But I am realistic and since time ran out for me and my speculation that the market was imminently going to collapse, I bought a house that while not my dream home, would last me a long time if needed. If the market crashes, then I would potentially be able to obtain a better house in a better area for cheaper in a year or two. I've told you this many times.

I've even given you exact figures on where my break even point is and where I reach negative equity. Why do you continue to ignore what I'm telling you?

mwpt

Crashy_Time wrote: »

They are going to start tweaking rates up. Look for 0.25% raise soon. The PTB don`t care about over-indebted "homeowners" anymore, the stakes are now much higher.

You have no basis for saying that. It might happen or it might not, but all of your predictions are basically wishlists, not based on any sort of reality. This has been proven year after year. You know it and I know it.

Crashy_Time

mwpt wrote: »

When are you going to stop making this personal? I don't wish you ill and I actually hope you get a reasonably priced house some day. But I am realistic and since time ran out for me and my speculation that the market was imminently going to collapse, I bought a house that while not my dream home, would last me a long time if needed. If the market crashes, then I would potentially be able to obtain a better house in a better area for cheaper in a year or two. I've told you this many times.

I've even given you exact figures on where my break even point is and where I reach negative equity. Why do you continue to ignore what I'm telling you?

Ok, sorry about that.

pop_gun

Central banks are floating the NIRP idea to see if it's palatable to the public. The way I see it if the banks were going to use helicopter money (people's QE) they would've asked the government to increase welfare spending and brought the resulting government debt. I see NIRP as the second leg of the wealth transfer scheme. It's also real money the banks are earning as opposed to funny money.
Our creditors will no doubt have asked for something along these lines.
Jim Willie of hat trick letter fame, said a few years back, America was paying China in assets (actual buildings on U.S. soil) and through it's income receipts.
No creditor is going to want worthless money. The only way to pay some of what you owe is to impoverish your people.

I expect negative interest rates of 5% on all account to be considered normal within 15 years.

michaels

How do you stop people just holding cash if you make it too expensive to use banks?

Surely inflation is an easier way of taxing holding cash or deposit accounts, a couple of years ago the base rate was 0.5% and inflation was 5%, at this point money on deposit at 0% and holding cash was really expensive - with the added advantage that it is a less visible means of taxation.

mwpt

"QE here to stay"

http://www.telegraph.co.uk/business/2016/09/28/qe-is-here-forever-says-bank-of-england-deputy-governor/