Boe

[expat]

Statement from Bank of England



Smells of panic to me.

If you ain’t scared, you ain’t right
-- Taj Mahal

[BrilloPad]

I expect rate cuts to give a boost to equity values regardless of the state of the local housing market.

Unless we all get out and spend lots I dont see it happening. Hence we need to borrow more than the huge amount of debt we already owe. You know it makes sense.

[swamp]

I doubt lenders will pass it, even for "trackers" - many lenders have got some exclusions for that in small print that nobody reads.

Indeed they have, and it's called a collar.

But, AFAICT, my lender doesn't implement a collar!

[ace00]

Unless we all get out and spend lots I dont see it happening. Hence we need to borrow more than the huge amount of debt we already owe. You know it makes absolutely no sense.

[HairyArsedBloke]

If you ain’t scared, you ain’t right
-- Taj Mahal

IF you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,

Then you have no idea of the seriousness of the situation and the mess we are in.

[Gonzo]

The fact that mortgages are cheaper will be little consolation to the people that can't afford them any more because they don't have a job. There will be an explosion of those before the year is out.

I walked out of the office this morning at 11:45 to get a sandwich for my lunch. This bloke walked past me and I thought, hang on a minute, is that who I think it is?

I turned around and watched him wander into Austin Reed

ClientCo is just over the road from the Bank of England but in all the time I have been there I have never thought it likely that I would see the Governor of the Bank of England wandering about.

He looked to me like he had rather a lot on his mind .....

[Diver]

1.5% !!!!!

A very frightening occurrence

Now everyone can see a light at the end of the tunnel.


"It's on fire you Idiots"