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Expect an interest rate cut in November
Comments
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Will the government risk rocketing prices/inflation to give the housing market a boost? Well, they still might. However there's now no guarantee that lower central bank interest rates will be passed on to mortgage customers thanks to the credit crunch.
Interesting, if you ignore it's from the mail for a second.
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=488206&in_page_id=1770&ct=5
I am a firm believer than Brown has built our economy on rising house prices.
So am amazed that Darling has said this:
'An unsustainable house price inflation is not good for individuals, is not good for the economy, so I think it will slow down,' he said.0 -
Thats an amazing article, like, we're not to blame, I'm getting the boot in now before it goes really wrong and making sure everyone knows that its going to be a "bad time ahead". He must be cr*ping himself.Freedom is not worth having if it does not include the freedom to make mistakes.0
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Retail sales strongest since 2004
http://news.bbc.co.uk/1/hi/business/7050335.stm
Quite unbelievable: does nothing deter the British consumer??? Yes, I know there was discounting on the high street but even still...BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
Lotus-eater wrote: »Thats an amazing article, like, we're not to blame, I'm getting the boot in now before it goes really wrong and making sure everyone knows that its going to be a "bad time ahead". He must be cr*ping himself.
Amazing barely covers it. The final nail in the coffin for HPI. Doom mongers in the media are one thing, but if the government are trying to pass the blame before it happens.......0 -
free4440273 wrote: »Retail sales strongest since 2004
http://news.bbc.co.uk/1/hi/business/7050335.stm
Quite unbelievable: does nothing deter the British consumer??? Yes, I know there was discounting on the high street but even still...
How much of this is based on 'I'm rich because my house is worth so much'?0 -
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Big Bank predict 75 basis points (0.75%) of cuts next year.
Generali predicts that if the pound starts to fall quickly then the BoE will have to put rates up quickly and crucify the real economy or let inflation rip and end up having to raise them by far more.
My guess is the latter will happen. They'll open the metophorical monetary floodgates. We'll see though.0 -
Romani_Ite_Domum wrote: »Interesting, if you ignore it's from the mail for a second.
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=488206&in_page_id=1770&ct=5
I am a firm believer than Brown has built our economy on rising house prices.
So am amazed that Darling has said this:
'An unsustainable house price inflation is not good for individuals, is not good for the economy, so I think it will slow down,' he said.
It does smack of the Chancellor seeing something nasty on the way and trying to cover his backside by doing an interview like this now, so he can say later "I told you so".
Of course, he doesn't have the luxury of blaming everything on his predecessor
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Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Originally Posted by free4440273
Retail sales strongest since 2004
http://news.bbc.co.uk/1/hi/business/7050335.stm
Quite unbelievable: does nothing deter the British consumer??? Yes, I know there was discounting on the high street but even still...How much of this is based on 'I'm rich because my house is worth so much'?
Indeed, which is my point: it STILL has not sunk in: You either have to admire the British consumer or admire the stupidity of it all. But really, quite amazing retail figures...am i missing something???BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0
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