General Betting
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03 Feb 10
22:00
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Date Joined:
08 Aug 08
It´s quite important if you have a mortgage;
Interest rates to rise by 1/4% tomorrow.
Then another 1/4% next month.
Then 1/2% just before the election in May
Interest rates to rise by 1/4% tomorrow.
Then another 1/4% next month.
Then 1/2% just before the election in May
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No sign of this on the £/Euro market.
Hoping for a crack in the Greek, Portugese or Spanish Debt to make a big punt on the £ strengthening v Euro
Hoping for a crack in the Greek, Portugese or Spanish Debt to make a big punt on the £ strengthening v Euro
i saw this on canteen notice board @ bank of enlgand
ohhhhhh, it was one of those guessing threads.
guess I'll cancel the holiday then :(
guess I'll cancel the holiday then :(
Glengarry Glen Ross 03 Feb 23:00
It´s quite important if you have a mortgage;
Interest rates to rise by 1/4% tomorrow.
Then another 1/4% next month.
Then 1/2% just before the election in May
For every 1/4 point they don´t rise interest rates now, means a 1/2 point rise in the future.
This government does not care about the finances of this country any more, the people they are trying to keep, (the middle class!!) with their low interest rates have given up on them.
Whoever is in charge after the election will have 5%+ by Xmas
This government is about to go back to it´s roots.
heaven help us all!!
It´s quite important if you have a mortgage;
Interest rates to rise by 1/4% tomorrow.
Then another 1/4% next month.
Then 1/2% just before the election in May
For every 1/4 point they don´t rise interest rates now, means a 1/2 point rise in the future.
This government does not care about the finances of this country any more, the people they are trying to keep, (the middle class!!) with their low interest rates have given up on them.
Whoever is in charge after the election will have 5%+ by Xmas
This government is about to go back to it´s roots.
heaven help us all!!
Seems you have it sussed Glen. Garry, whoever you are.
Interest rates will rise by a 1/4 percent and if they don't, then for every 1/4 percent they don't rise now, they will rise by 1/2 a percent later. And these 1/2 percent rises in lieu of non occurring 1/4 percent rises will result in interest rates being 5% by the time Santa Claus comes. So if the rate is currently 1/2 a percent, this means the rate will rise by 4.5%. That is 9 half percent rises. Which means that we are going to see interst rates fail to rise by 1/4 percent 9 times. So if they fail to rise by a 1/4 percent 9 times, that takes us from March to November.....
......which leaves only December where a 1/2 percent rise can occur in lieu of the earlier absent 1/4 percent rises. Which would leave the base rate at 1% when Santa comes. Or have you got some more good oil suggesting the Monetry Policy Committee or whoever they are are going to meet on 9 separate occasions between the start of December and the 25th of December?
I am interested to hear because it is very obvious to me you know what you are talking about, even if I am a little slow on the uptake. :)
Interest rates will rise by a 1/4 percent and if they don't, then for every 1/4 percent they don't rise now, they will rise by 1/2 a percent later. And these 1/2 percent rises in lieu of non occurring 1/4 percent rises will result in interest rates being 5% by the time Santa Claus comes. So if the rate is currently 1/2 a percent, this means the rate will rise by 4.5%. That is 9 half percent rises. Which means that we are going to see interst rates fail to rise by 1/4 percent 9 times. So if they fail to rise by a 1/4 percent 9 times, that takes us from March to November.....
......which leaves only December where a 1/2 percent rise can occur in lieu of the earlier absent 1/4 percent rises. Which would leave the base rate at 1% when Santa comes. Or have you got some more good oil suggesting the Monetry Policy Committee or whoever they are are going to meet on 9 separate occasions between the start of December and the 25th of December?
I am interested to hear because it is very obvious to me you know what you are talking about, even if I am a little slow on the uptake. :)
Well, e can say we heard it from you first Glengarryglen.
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