So the govt set interest rates do they? - Contractor UK Bulletin Board

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zeitghost replied

16 April 2008, 15:53
Originally posted by KathyWoolfe View Post

Or just employ women.......no highs or lows.

Or castrate all the traders... there's always a silver lining...

Originally posted by ratewhore View Post

Apart from market jitters every 28 days...

Especially if they all sync up...
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zeitghost replied

16 April 2008, 15:51
Originally posted by Dow Jones View Post

Surely this smacks of Zimbabwe and Zanu-PF interventionism. What next? Forcing shops to sell at fixed prices?
BTW, what happened to the 'independence' of the BoE and its 'ability' to set interest rates ?

You can thank the late Ted "grocer" Heath for getting rid of that, it was called RPM a.k.a. Retail Price Maintenance.

So everything cost the same, no matter where you shopped.
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Sockpuppet replied

16 April 2008, 15:44
Originally posted by Xenophon View Post

...and if all else fails your cab is pretty cosy presumably...

Damn Straight.

Originally posted by KathyWoolfe View Post

Or just employ women.......no highs or lows.

Seriously

You can't run an economy based on which logos are the pinkest and the fluffiest.
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ratewhore replied

16 April 2008, 15:05
Originally posted by KathyWoolfe View Post

Or just employ women.......no highs or lows.

Apart from market jitters every 28 days...
Leave a comment:
KathyWoolfe replied

16 April 2008, 15:04
Originally posted by Bagpuss View Post

There was an interesting article on the news yesterday about Testosterone and the effect on Boom and Bust. A researcher from Oxbridge observed that high levels in the young barrow boy traders led to over hype in the bull times and also over sell in the bear times. He followed them over a period of months and observed that when their testoterone levels were low their results were less irratic.

His suggestion was to have a more diverse age and gender representation in the city and then the likelihood of extreem highs and lows would be reduced and therefore the boom and bust scenario. Sounds reasonable.

Or just employ women.......no highs or lows.
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Bagpuss replied

16 April 2008, 14:54
There was an interesting article on the news yesterday about Testosterone and the effect on Boom and Bust. A researcher from Oxbridge observed that high levels in the young barrow boy traders led to over hype in the bull times and also over sell in the bear times. He followed them over a period of months and observed that when their testoterone levels were low their results were less irratic.

His suggestion was to have a more diverse age and gender representation in the city and then the likelihood of extreem highs and lows would be reduced and therefore the boom and bust scenario. Sounds reasonable.

Last edited by Bagpuss; 16 April 2008, 14:58.
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bogeyman replied

16 April 2008, 14:47
Originally posted by BrilloPad View Post

exactly - it was all the regulations which encouraged regulations which caused the credit crunch. and now they want more regulations!

But that's all they understand.

Legistation! Regulation! Taxation!

With these three 'levers of power' they think they can make the country run like a well-oiled socialist paradise.

They fail to grasp the concept of 'carrots' at all - it's all 'sticks' to them - and more and bigger sticks when the punative regime they already have fails to deliver.

Endlessly, the bureaucracy multiplies and ties itself in knots, serving nobody and achieving nothing but utter bankruptcy, financially and ideologically.
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Bagpuss replied

16 April 2008, 14:46
It would be rather silly for NR to reduce the rates when they are trying to make it attractive to buyers by make it unattractive to new debt (borrowers)
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b0redom replied

16 April 2008, 14:41
http://www.independent.co.uk/news/uk...ut-808961.html

Says it all really.....
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BrilloPad replied

16 April 2008, 14:40
Originally posted by PAH View Post

There was a news story the other day that the govermin are considering forcing the mortgage companies to pass on interest rate cuts to their customers.

Nowt like a bit of jackass intervention to make a bad situation worse.

exactly - it was all the regulations which encouraged regulations which caused the credit crunch. and now they want more regulations!
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BrilloPad replied

16 April 2008, 14:39
And I thought the BofE set base interest rates.

Last edited by BrilloPad; 16 April 2008, 14:39. Reason: clarification
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Dow Jones replied

16 April 2008, 14:38
The 'Brown' era

Surely this smacks of Zimbabwe and Zanu-PF interventionism. What next? Forcing shops to sell at fixed prices?
BTW, what happened to the 'independence' of the BoE and its 'ability' to set interest rates ?
Leave a comment:
Xenophon replied

16 April 2008, 14:35
Originally posted by Sockpuppet View Post

Not if your a new customer they don't.

http://news.bbc.co.uk/1/hi/business/7350020.stm

Doomed! Looks like my first house will be a cheap un...luckily as a contractor with savings I'm not stuck for a deposit.

...and if all else fails your cab is pretty cosy presumably...
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MOH replied

16 April 2008, 14:18
They soon shave it off the savings rates though
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PAH replied

16 April 2008, 14:17
There was a news story the other day that the govermin are considering forcing the mortgage companies to pass on interest rate cuts to their customers.

Nowt like a bit of jackass intervention to make a bad situation worse.
Leave a comment: