What an idiot!!

DividedNation

Dan: wrote: »

Already had the email from my building society with the reduced monthly mortgage payment from 1st Sep. I've just booked 4 night family holiday in Cornwall during October half term to celebrate, and to put something back into the economy.

Of course you house is worth about 15% less so don't spend too much!!

cells

DividedNation wrote: »

That is down to figure fiddling including sanctions and workfare slavery.
Unemployment is over 5%.

so its a conspiracy theory

But anyhow if it is so low why cut interest rates?

the BOE tries to look forward in its decisions not backwards. They assume the brexit vote is going to slow the economy

Export orders will rise due to the low pound reducing unemployment anyway.

maybe maybe not as the low point makes imports more expensive, leaving less money in peoples pockets to spend on domestic businesses who now have less demand and less need for their staff

The policy is nuts.

what you actually mean is the policy does not support your hoped for outcome

chucknorris

DividedNation wrote: »

Of course you house is worth about 15% less so don't spend too much!!

It only matters when you sell (and even then, it is better if you are trading up), our property fell by over £1m is 2008, but now it is worth more than £2m than it was back then. Don't get me wrong, notional losses are not unimportant, but they aren't as relevant as actual profit. Since the base rate was lowered to 0.5% in 2009 our total mortgage payment has been over £290k lower than it otherwise would have been, and we are still counting, I can see interest rates staying low for quite some time yet!

iantojones40

Dan: wrote: »

Already had the email from my building society with the reduced monthly mortgage payment from 1st Sep. I've just booked 4 night family holiday in Cornwall during October half term to celebrate, and to put something back into the economy.

I tell you what, come back on here when you're 38 years old, mortgage free, house worth 3x what you paid for it and you're working a grand total of 40 hours a month.

If you can do that I might consider you to be one of lifes winners, until then I'll just consider you to be another indoctrinated, obedient little debt slave worker drone who's got suckered in to buying into the biggest property ponzi scheme the world has ever known and celebrates like they've won the lottery whenever the establishment throw them the most meagre of worthless crumbs

DividedNation

chucknorris wrote: »

It only matters when you sell (and even then, it is better if you are trading up), our property fell by over £1m is 2008, but now it is worth more than £2m than it was back then. Don't get me wrong, notional losses are not unimportant, but they aren't as relevant as actual profit. Since the base rate was lowered to 0.5% in 2009 our total mortgage payment has been over £290k lower than it otherwise would have been, and we are still counting, I can see interest rates staying low for quite some time yet!

Can you?

You will be eating your words when Carney has finished !!!!!!ing up the economy.


The man is complete fool,


He has solid track record of predicting the opposite of what actually happened.

It is bizarre he is still in a job, but it seems failure at the top the norm these days no matter bad you are at your job you get to keep it.

He is a very dangerous man, an idiot who thinks he is smart, well the record shows he is
a failure.

Graham_Devon

mayonnaise wrote: »

Rubbish.
The pound dropped from $1.49 to $1.32 right after brexit.
It's been hovering between $1.29 and $1.34 ever since.

Anyway, here's a blast from the past.

http://news.sky.com/story/leave-rejects-brexit-pound-plunge-warning-10320341

The pound surged the two days before the referendum (rising from 1.46 to 1.49 as the experts got things wrong again and it was assumed we would remain. It therefore took a hard tumble.

All the data is out there, so picking reference points as goal posts is silly.

It was 1.32 directly after the brexit vote and then rose again to 1.34 on 29th June, until Carney took action and talked down sterling, where it fell directly to 1.32.

Carney then made another statement on the 5th July which saw the pound fall from 1.32 to 1.29.

Jack_Johnson_the_acorn

iantojones40 wrote: »

I tell you what, come back on here when you're 38 years old, mortgage free, house worth 3x what you paid for it and you're working a grand total of 40 hours a month.

If you can do that I might consider you to be one of lifes winners, until then I'll just consider you to be another indoctrinated, obedient little debt slave worker drone who's got suckered in to buying into the biggest property ponzi scheme the world has ever known and celebrates like they've won the lottery whenever the establishment throw them the most meagre of worthless crumbs

Its Crashy in disguise. To guarantee that I'm right you just need to mention tulips. :rotfl:

chucknorris

DividedNation wrote: »

Can you?

You will be eating your words when Carney has finished !!!!!!ing up the economy.

Yes I can, when do you think the base rate will be above 6%? I think it will be some time before that happens. But when it does (eventually) happen, we'll probably already have paid off the mortgages (most likely sold a few properties too), and moved something back into savings from investments (win, win).

Graham_Devon

westernpromise wrote: »

About 6.5 million people on the UK are trade union members. A levy of say £100 per member per year would produce £650 million a year in tax revenue and would also, as a helpful by product, reduce their numbers.

For critical services like the Tube the levy should be £1,000 per member per year. This will take the unions out of the picture altogether and put an end to Tube strikes.

Yer, good idea, price people out of having a say - only leaving the wealthy able to define stuff.

Excellent.

Sometimes the stuff I read on this particular part of the board really does leave me wondering...

System

iantojones40 wrote: »

I tell you what, come back on here when you're 38 years old, mortgage free, house worth 3x what you paid for it and you're working a grand total of 40 hours a month.

If you can do that I might consider you to be one of lifes winners, until then I'll just consider you to be another indoctrinated, obedient little debt slave worker drone who's got suckered in to buying into the biggest property ponzi scheme the world has ever known and celebrates like they've won the lottery whenever the establishment throw them the most meagre of worthless crumbs

This is the most bitter post I have ever seen. All that for a post about a holiday to Cornwall. Good job you didn't book a cruise or something Dan