Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

as i wrote before, i think there is little doubt that ukip will pull in a large slab of votes - large being relative to the usual small turn-out for local elections of +/-30%
how many seats that translates into is another matter, as is the lasting strength of that support - i.e. come the next general election, will most of that support disappear, just as used to happen with the liberal party 20/30 years ago

NO.............not unless Cameron and Osbourne are ousted imo. 1/4 percent rise in base rates and this will effect millions of familys in this country.

Knife edge economics and Carney joining the party in June. 2.8% inflation will soon be double that and % rates will have to go up.

Dont say I didnt warn you, the Canadian has a reputation for inflating the economy.

modest inflation is no bad thing for all sorts of reasons, and as hilary, who far more knowledgeable than any of us here on these things, has already explained and posted

as for interest rates going up certainly within the next 12 months, that is very unlikely in the current worldwide climate ..... anyway, even if they do rise by 0.25% as you suggest, it has little real effect even on mortgage repayments ..... one of your typical and rather silly attempts at scaremongering i'm afraid

Manuel,

To me, you seem to be thinking or believing that you own omniscience and your opinion infallible.

And if somebody has a similar view on the Economy as you they should be lauded, and acclaimed.

Of course, your remarks could just be flattery.

Again the ongoing support of for a tory government, which has done more U-turns in two and half years than any other government is risible.

Osborne, although stating his original economic actions are being continued, he is back treading and modifying them constantly.

He is an original British disaster and when it comes to 2015 election his failures will be more apparent to the general electorate and Cameron, himself and his policies, alongside the split tory party, will be rejected by the electorate.

I pity any government which has to pick up the mess left by this coalition government.

Inflation, devaluation increasing interest rates are useful, when they are integrated with a stimulated growing economy.

After two and a half years of tory misrule and misgovernment, where is the growth?

The interesting thing about the poll that goldfinger mentioned this morning is that when you look at what the UKIP people voted in the last election you can see that 60% of them voted for other than the three main parties. UKIP are reported to have captured about a third of all BNP voters. That sort of trend won't do them much good.

You hope!

my AMD has started to move, 15% so far today.

LOL Cynic........ couldnt give a jot what Hilary informs you.

This for a kick off in tomorrows D Mail rag will help you understand......

http://www.dailymail.co.uk/news/article-2317994/1-3M-mortgage-face-losing-homes-failing-make-provisions-pay-capital.html

And when we talk of a little inflation helping the economy were not talking of twice the rate now ie, 5.6%. That would certainly help % rates up and at the same time have the ratings agencys knocking on our door again.

"In addition, many borrowers are already in dire financial straits, with one in ten having ‘in excess of £25,000 of unsecured borrowing’, including credit card bills, overdrafts and payday loans".

ahoj :-

"One notable gainer was Advanced Micro Devices (AMD) , which jumped more than 14% to close at $3.22. The spike in trades came in the final two hours of trading; Barron's reported some deal rumors at trading desks, and one broker noted that the company put two new chips on sale."

As an ace economist and accountant yourself, Goldfinger, I'm very surprised that you're struggling with one of the basic concepts of inflation in that it is used both to devalue debt (private and public) and as a stealth tax on the wealthy. Inflation has been used by countless homeowners over many years to devalue their mortgage and gain equity.

And while we're on the subject of accountancy, were you able to answer my post from a couple of weeks back? I've repeated it for you below to save you the bother of having to trawl through umpteen pages of gobbledegook and find it.



hilary - 18 Apr 2013 10:14 - 24138 of 24519
Hmmmmm. Amazing what you come across when you go digging...


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goldfinger - 07 Mar 2013 11:29 - 22133 of 24136
My days trading index are over Cyners. Now 39, too old its a young mans game that.

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goldfinger - 18 Apr 2013 09:22 - 24123 of 24136
Your 66 same age as Cynic. Lot of oldies on here, last of the summer wine.

Im 42 now. Physicaly fitter than Ive ever been..... 6ft 10inch tall 18.5 stone.

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Does Goldfinger live his life in doggy years?

Cynic, just the tip of the iceberg that example of how increased interest rates are going to hit hard.

Reckon we will see it come Nov 2013 to Dec 2014.

Strap yourself in.

so you've given yourself a 13 month window??

by the way, you choose to forget that interest rates have been at historic lows for the last 3 years or more .... further, there is no indication that usa is in any mood to raise rates, and that is often if not usually the key for rates in the rest of the world

as an aside, it's interesting how we like our press to beat us up with doom and gloom while saying how well europe is doing economically ..... trust me, it most certainly is not! .... ask any friends - i assume even you have some :-) -who live in france or nl or germany (spain, greece, portugal etc are already accepted as being out for the count)

He's just playing catch up. :-)

And another newspaper warning Cynic, thats 2 today one the main tory rag and the other err central ground.......

The Independent:
Thousands with interest-only mortgages could lose their homes …Facebook revenues increase 38 per cent
…Weak US economy prompts Fed to stick with stimulus plan …UK Coal talks to creditors in bid to save 2,000
jobs

You mark my words carefully cynic, im saving these last few posts to word.

Ill reproduce them later this year or early next year.

A third paper now the Guardian..........

http://www.guardian.co.uk/money/2013/may/02/interest-only-mortgages-storing-up-trouble

Tick tock tick tock tick tock tick tock.

Guido Fawkes ‏@GuidoFawkes 53m

Sun Says "None of the Above". Refuses to endorse any of the parties - says vote on local issues. Effectively withholding Tory endorsement.

sticky - the concern is nothing to do with interest rates per se .... the "concern" is that an awful lot of people have chosen to ignore the fact that they'll have to repay the capital in due course .... frankly, i think interest-only mortgages are downright dangerous, especially for the average bod, just as were those "cheap" mortgages in € etc instead of £