When does the POUND Collapse

Big time currency dealer ?

when are interest rates goin up?!

Deary me!!

The pound is not collapsing..

Interest rates are not going up until the end of next year at the earliest. And even then they willnot be heading above 2% for at least another year. So for now , mortgages for millions are cheaper than at any time in history.

Interest rates are not going up until the end of next year at the earliest. And even then they willnot be heading above 2% for at least another year.

where've you got this inside info from then?

Goose

We will see, it is just my opinion.. What is your opinion Goose?

everybody is fighting for a weak currency. The pound has hit its low. The euro might have a problem if they decide to help out ireland,greece and spain

everything's fecked and it's only going to get worse

When yer oil wells dry up

or

When Liverpool win the league!!

I think chisel is rate about the rates -
0.5 2010 and max 2.5 2011 imo
I think that other ways will be used, rather than crushing everybody.

i think they will be forced to raise rates. things will be out of their control.

Parity against the Euro within 6 months....hard to predict against the $US

Don Warro. You have no reason for your line of argument other than a "feeling". What you predict is 100-1 chance..

Below are some of your recent predictions

The Fed is behind the opening of Gold shops to pay the Chinese back!

The pound will collapse

Iran and Israel will go to war

The dollar will collapse

Interest rates will rise

Buy Gold

chis-just some food for thought-why is the US 2/10 yield curve spread the widest in memory?

Another classic chisel post criticising another posters views as being based on just a feeling.If nothing else chisel is entertaining.

What's best to invest in if you think the pound will end up in the loo?

Canada and Oz look good, imvho.

I still don't understand why the pound should collapse. things in the UK are pretty much transparent, and the run-up to the election should show the tories ahead in the poll. This will only strengthen the pound and historically the tories look after their own and have the highest base interest rates

TMF are you confident the Govt will find buyers for three quarters of a trillion of debt over the next 4-5 years then?

If the financial sector sorts itself out, it will grow much quicker than any other industry, hence the growth will be exponential in the UK while quite linear in the other countries. It is a big IF, but I am quite confident as these things are cyclical

Gooseman 11 Dec 05:16
chis-just some food for thought-why is the US 2/10 yield curve spread the widest in memory?


Deflationists take note...

I'm against again. I can see the £ at 1.30 - 1.40 early 2011.

i like new zealand as a country to invest in

just seen chisel's post

for the record, it is what seems logical to me from my study of all manner of media. i could of course be wrong, it is my opinion

that's greece fecked, ireland on the brink. Italy suffering as is spain. The ecb is going to have some trouble in the coming months

positive unemployment figures :)

Yes Unemployment fell by a rise of 21,000.

still positive comparatively speaking, and the pound is strengthening

Thats good then. Crisis over.

what crisis?

Thats the attitude.

better to have yours, misery guts. will your world collapse if everything sorts itself out?

What a ridiculous post. My views are based on being realistic and looking at facts you just stick your head in the sand and pretend everything will be all right.
To suggest that people actively want a collapse that will cause suffering to millions is pretty offensive actually but I guess thats your level.

I think unemployment never being as bad as originally predicted and levelling off is a positive thing.
Everything else doesn't really matter. Who cares if taxes rise, as long as people are employed

Classic Keynesian garbage.

Magic Flea

Agreed. Unemployment nowhere near as bad as expected so far. Repossessions nowhere near as hiogh with forecast slashed by a third for 2010. Mortgage arrears nowhere near as bad as expected. The list is endless.

As far as I can see we are committed to low interest rates for teh forseeable future, and with General election etc I expect 2010 to be OK!

Unemployment figures dont look so good now do they?

No Unemployment figures look good Harry!! The Point is that unemployment rate is not increasing as much as predicted, and benefit claims fell last month.

There are boom times just around the corner.

Have you not seen why they are so "good" then chisel?

harry!!

Public borrowing teh highest in history and teh pound gains against US dollar and Euro... you couldnt make it up!!

Hourly, daily or weekly movements arent really of much interest to me chisel. Lets see what happens in late 2010 when the markets lose confidence and the Govt fails to raise money to fund its spending.
Incidentally the answer to the better than expected unemployment figurse was the 20,000 plus jobs that the Public sector has created recently.
Once the Publice sctor has to shed 100s of thousands of jobs then the unemployment figures might just not be so good.

Cynics would state the all the good news is lies. Its hard to work out right now as the world needs good news not to collapse. Lets see if I can put it in a chisel way. Hmmmmmmmmmmm.
Okay, if I was a first time buyer, I would wait until the end of next year to buy a house.