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.

King said only 2 days ago that interest rises were along way off.

gf
Get your facts right. This was 3 hours ago

http://uk.reuters.com/article/2013/06/26/uk-britain-boe-fpc-idUKBRE95P0FU20130626

The Bank itself is a long way from tightening monetary policy. Tucker reiterated comments made by outgoing Governor Mervyn King on Tuesday that an interest rate hike was not imminent, saying it would only occur once the British economy had reached "escape velocity."

Sorry to hear of your news 3m. You take it easy and get back to full health. I was only thinking you have not been around for a week or so. I send my best wishes and will catch up with you.
Ps only just got in.

Well.........

1. When does King ever get it right?????

2. This from 2 hours ago and on BBC TV page 200 news page 2........

http://www.bbc.co.uk/news/business-23061790

Paul Tucker, the Bank's deputy governor, has asked regulators to investigate the issue immediately.

I wont ask for an apology Hays as I know you arent man enought to give one.

Tucker can see what I have been seeing for the last 6 weeks or so. King is an old man whos well past it and biased towards Cameron and Osbourne imo.


Stability threat?

Mr Tucker also warned that rate rises could also threaten banks. He said there had been a "progressive search for yield", as institutions hunted for better returns.

He warned that the authorities "need to be alert to whether stability could be threatened by excessive leverage or liquidity risk building up in any potentially vulnerable parts of the financial system".

The dangers had been underlined by the sharp fall in share prices over recent weeks, he added.

3 monkies - glad to hear you are on the mend.

Stan - what a truly fascinating listen! (post 26379).

GF

Agreed.


This has been posted before.

If Porky had, in his dismal reign had as well as cutting had borrowed earlier and targeted areas of the infrastructure (not going directly into private hands) the economy would not have shrunk as much as it has done.

He is being sucked into the swamp by his on stupidity.

Pruning a tree sometimes is useful, cutting it off at its roots is often bloody stupid.

That is what he is doing.

Agreed Fred.

Capital spending on infrastructure gives far more sustained and rapid growth than does spraying weed killer on the ever returning weeds.

What do people expect from a wallpaper decorator?

What does it matter what Paul Tucker says or thinks? He's leaving anyway, but he's a bit bitter because he wanted the head honcho's job and Carney beat him to it.

You just hit the nail on the head hilary, in the space of two sentences.

I'll try to do better next time, doods, and see if I can condense it into one. :o)

You couldn't hit a DB4 on the head, due to it moving.

lets look at facts if people buy houses that they can not afford that is their fault
and the savers should not have to bail them out with poor rates .
if you can not afford to buy a house if rates go up then you should not buy .

Yep but what your forgetting TANKER is most people havent had a wage rise for 5 years plus most are working part-time.

Obviously if the government are offering subsidised house purchase some will take it under the present conditions even if it makes no sense to them or the economy in the long run.

US sub prime all over again I reckon in time.

Yep but what your forgetting TANKER is most people havent had a wage rise for 5 years plus most are working part-time.

Obviously if the government are offering subsidised house purchase some will take it under the present conditions even if it makes no sense to them or the economy in the long run.

US sub prime all over again I reckon in time.

"most are working part time"

You do write a lot of rubbish.

hilary, post 26443 - I wouldn't bother, your posts are generally wasted on this thread and there is no point trying to reason with some people who are totally blinkered and cannot begin to join the dots together.

I agree the majority of her posts are a waste of time.