Inflation shock leaves markets fearing three interest rate rises this year

pickles110564

LittleMissAspie wrote: »

People just don't have a clue about the underlying economics.

I guess some understand it but have not got the [EMAIL="b@lls"]b@lls[/EMAIL] to use it;)

mr.broderick

Zammo wrote: »

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/10/cnrates110.xml

Fantastic - that should bring interest rates back in line with what the risk the rest of the market has priced in and save the BofE further embarrassment.




The only way is up.

Interesting that's a turnaround, i was betting on b.o.e rate being at 4.50 by september. Still not high at 5.75 and maybe that is the way forward i certainly would welcome it. So maybe now is a good time to buy, way i see it if you can get a good buy maybe 15% below market might be a time to take advantage of relatively low rates.

Dan:_4

BenL wrote: »

What are the figures that come out each month about mortgage approvals? 60,000 or something a month still at the moment?

I have come to the conclusion that these people must be reading "The Star" as the front page is full of Big Brother instead of doom and gloom on the economy like the other papers.

Nah, some people just want somewhere to live which is more important then the doom and gloom on the economy AND big brother!

Snooze

pickles110564 wrote: »

Who is the muppet? You without anything ...

:huh:

As you continue to ignore what's written on the screen in front of you, for the billionth time I own my own property outright (and rent another down South for work). :rolleyes:

Rob

Kez100

Does anyone believe the inflation we are experiencing can be controlled with interest rates anyway?

Food and fuel are global problems. We could buy less, I suppose, but they are both essentials to a certain extent.

Also, if interest rates rise, won't the impact on mortgage costs push inflation up and become a self fufilling prophecy?

Or do I just not have a clue???????????? (This is a valid option. I won't be offended!)

Kez100

Snooze wrote: »

:huh:

As you continue to ignore what's written on the screen in front of you, for the billionth time I own my own property outright (and rent another down South for work). :rolleyes:

Rob

Ignore him/her. They laughed at me for suggesting a tack to baffle an EA, throwing in some unfounded comment about me never buying anywhere when, in fact, I had done exactly as I was suggesting and bagged a deal of just over 60% of the asking price. His/her inability to assimulate posters previous threads leads me to the assumption he/she is just posting to give him/herself some literacy practice.

m00m00

Kez100 wrote: »

Ignore him/her. They laughed at me for suggesting a tack to baffle an EA, throwing in some unfounded comment about me never buying anywhere when, in fact, I had done exactly as I was suggesting and bagged a deal of just over 60% of the asking price. His/her inability to assimulate posters previous threads leads me to the assumption he/she is just posting to give him/herself some literacy practice.

literacy ? a possibility

numeracy ? not a chance

Paul_N_4

Snooze wrote: »

:huh:

As you continue to ignore what's written on the screen in front of you, for the billionth time I own my own property outright (and rent another down South for work). :rolleyes:

Rob

This confuses some people on here. They assume people who talk about house prices falling MUST be FTBers or do not own a property of their own. It simply doesn't compute that someone could be a home owner AND talk about prices dropping.

Kez100

m00m00 wrote: »

literacy ? a possibility

numeracy ? not a chance

He is still on KS1 numeracy. This weeks lesson plan is negative number.

Snooze

Kez100 wrote: »

Ignore him/her. They laughed at me for suggesting a tack to baffle an EA, throwing in some unfounded comment about me never buying anywhere when, in fact, I had done exactly as I was suggesting and bagged a deal of just over 60% of the asking price. His/her inability to assimulate posters previous threads leads me to the assumption he/she is just posting to give him/herself some literacy practice.

:huh:

Who are you referring to?

Rob