OV9

MikeHunt wrote: Mon Dec 05, 2022 8:14 pm

Broccers wrote: Mon Dec 05, 2022 4:52 pm Thick cunts are thick cunts. Last time I checked Germany are in the E U - not going so well.

My daughter justifies a poor test mark by claiming everyone in the class also did badly, she is 12.

She's smart.

Jobbo wrote: Mon Dec 05, 2022 4:28 pm

Rich B wrote: Mon Dec 05, 2022 2:52 pm

Broccers wrote: Mon Dec 05, 2022 11:08 am Arent interest rates going to rise quickly in the new year? I have a guess they will, they should do anyway as they are still too low.

too low for what?

Too low for all that lovely inflation caused by Brexit.

German Inflation - 8.46%
British Inflation - 9.14%

OECD says that on both cases, high energy prices is the main factor

Not everything is Brexit you know...

dinny_g wrote: Tue Dec 06, 2022 2:46 pm

Jobbo wrote: Mon Dec 05, 2022 4:28 pm

Rich B wrote: Mon Dec 05, 2022 2:52 pm too low for what?

Too low for all that lovely inflation caused by Brexit.

German Inflation - 8.46%
British Inflation - 9.14%

OECD says that on both cases, high energy prices is the main factor

Not everything is Brexit you know...

Thank you for your engagement. Why is the interest rate too low, Dinny? Or do you not agree with Broccers?

No idea Jobbo - can't tell you if it's too high or too low. I can't agree or disagree with anyone on that score

Fair enough. Perhaps @Broccers can give us his view.

Do you own research...

On a personal level, I'd like the rates to go back down a bit as we're hoping to reduce the term of our mortgage. They wont get back to September 2021 when we took out our deal but we'd like to drop 2 or 3 years of the term.

We have plenty of wriggle room in our budget but we also want to keep living a bit so don't want to cut back too much. You only get one trip so better enjoy it

Jobbo wrote: Tue Dec 06, 2022 3:48 pm Fair enough. Perhaps @Broccers can give us his view.

No I can't thick cunts

The ideal level is 5 to 6 percent on your savings. Mortgage levels around a few points higher.

Broccers wrote: Tue Dec 06, 2022 7:03 pm The ideal level is 5 to 6 percent on your savings. Mortgage levels around a few points higher.

i'm intrigued again, why would you want mortgage rates at 7 or 8 percent?

Rich B wrote: Tue Dec 06, 2022 7:57 pm

Broccers wrote: Tue Dec 06, 2022 7:03 pm The ideal level is 5 to 6 percent on your savings. Mortgage levels around a few points higher.

i'm intrigued again, why would you want mortgage rates at 7 or 8 percent?

Years ago my business account paid 7 percent interest on the money there.

Do I want people to lose their homes? No. Just a bit of a reality check is required

Don't ask another question.

dinny_g wrote: Tue Dec 06, 2022 6:09 pm Do you own research...

On a personal level, I'd like the rates to go back down a bit as we're hoping to reduce the term of our mortgage. They wont get back to September 2021 when we took out our deal but we'd like to drop 2 or 3 years of the term.

We have plenty of wriggle room in our budget but we also want to keep living a bit so don't want to cut back too much. You only get one trip so better enjoy it

Are you overpaying?

Yeah - we’ll be throwing about about an extra 8% or 9% of the balance next time out

Broccers wrote: Tue Dec 06, 2022 8:08 pm

Rich B wrote: Tue Dec 06, 2022 7:57 pm

Broccers wrote: Tue Dec 06, 2022 7:03 pm The ideal level is 5 to 6 percent on your savings. Mortgage levels around a few points higher.

i'm intrigued again, why would you want mortgage rates at 7 or 8 percent?

Years ago my business account paid 7 percent interest on the money there.

Do I want people to lose their homes? No. Just a bit of a reality check is required

Don't ask another question.

how dare I!!

Why are bothered about making 7-8%? Surely you're making loads more than that on all your crypto investments!!

Broccers wrote: Tue Dec 06, 2022 2:34 pm

MikeHunt wrote: Mon Dec 05, 2022 8:14 pm

Broccers wrote: Mon Dec 05, 2022 4:52 pm Thick cunts are thick cunts. Last time I checked Germany are in the E U - not going so well.

My daughter justifies a poor test mark by claiming everyone in the class also did badly, she is 12.

She's smart.

Maybe so, but this is an example of acting stupid to hide a fuckup.

Broccers wrote: Tue Dec 06, 2022 8:08 pm Do I want people to lose their homes? No.

Why advocate a monetary policy which will most definitely lead to people losing their homes?

You're either leveraged up to your eye balls or thick. I'll take my view on some of you. Cunts.

Broccers wrote: Tue Dec 06, 2022 9:21 pm You're either leveraged up to your eye balls or thick. I'll take my view on some of you. Cunts.

He'll take his view guys! maybe with his "eye balls"!

Rich B wrote: Tue Dec 06, 2022 10:13 pm

Broccers wrote: Tue Dec 06, 2022 9:21 pm You're either leveraged up to your eye balls or thick. I'll take my view on some of you. Cunts.

He'll take his view guys! maybe with his "eye balls"!

Correct!

At least it wasn't another shit question.

Interestingly my take is that the BoE has buggered rates up a lot - both before, when house price inflation was soaring and they had rates near to zero, just fueling the unaffordability of people's largest single life expenditure; and now, when they're raising rates to try and counter supply side inflation.

Inflation isn't high now because people are flush with cash and the economy is overheating, it's because of food prices, energy costs, etc, which are not being demand led. How they think raising interest rates now will bring down the cost of leccy or a weekly grocery shop when huge swathes of the population are living paycheck to paycheck is beyond me.

In summary, rates should've been much higher over the last 15 years (and better taking into account house prices into inflation figures) and much lower now. The end.